Financial Ombudsman Service
Lords · Question HL15897 · Tabled 24 Mar 2026 · Treasury · Official record
Answered 9 Apr 2026
Question
Asked by Lord Cromwell
To ask His Majesty's Government what steps they are taking to ensure that the Financial Ombudsman Service fully utilises established consultation mechanisms, including the Wider Implications Framework between the Financial Ombudsman Service and the Financ
Answer
Answered by Lord Livermore, 9 Apr 2026
On Monday 16 March, the Government published a response to its consultation on reforming the Financial Ombudsman Service (FOS), confirming that the government will legislate to stop the FOS acting as a quasi-regulator and provide greater regulatory cohere...