Financial Ombudsman Service
Lords · Question HL15894 · Tabled 24 Mar 2026 · Treasury · Official record
Answered 9 Apr 2026
Question
Asked by Lord Cromwell
To ask His Majesty's Government, following the publication of their response to the review of the Financial Ombudsman Service, when they intend to (1) implement these reforms, and (2) introduce the necessary primary legislation.
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...