Financial Services: Compensation
Commons · Question 75777 · Tabled 8 Sep 2025 · Treasury · Official record
Answered 15 Sep 2025
Question
Asked by Manuela Perteghella
To ask the Chancellor of the Exchequer, if she will take steps to ensure consumers have access to redress where firms fail to comply with decisions of the Financial Ombudsman Service by (a) creating a compensation fund and (b) strengthening enforcement po
Answer
Answered by Lucy Rigby, 15 Sep 2025
Businesses that are regulated by the Financial Conduct Authority (FCA) are required by its rules to co-operate with the Financial Ombudsman Service (FOS), including by complying with any determination that it may make, if that determination is accepted by...