FOS to hire independent reviewer in wake of Channel 4 investigation

Responding to letter from Treasury Committee chair Nicky Morgan

Victoria McKeever
clock • 3 min read

The FOS is to appoint an independent reviewer to consider issues raised in the recently broadcast Channel 4 Dispatches investigation, the body's chief executive Caroline Wayman has revealed.

Wayman (pictured) said the Financial Ombudsman Service (FOS) had appointed the reviewer so it could "better understand and address the concerns" raised by Dispatches. Wayman was responding to a letter from Treasury Committee chair Nicky Morgan. Morgan asked Wayman to address issues highlighted in an investigation by the Channel 4 programme, aired on 12 March, which accused the body of undertraining and pressuring its staff to 'churn out' caseloads. "We feel very strongly the concerns voiced in the programme do not give a fair impression of the FOS when seen against the overall breadth...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

 FCA chief: No allegations of Budget leak market abuse so far

FCA chief: No allegations of Budget leak market abuse so far

Told MPs on the Treasury Committee the leak caused serious concern

Alex Sebastian
clock 16 December 2025 • 3 min read
FCA's non-financial misconduct rules 'opaque' over social media activity

FCA's non-financial misconduct rules 'opaque' over social media activity

Lack of definitions and case studies

Cristian Angeloni
clock 16 December 2025 • 2 min read
2025: Reflecting on a 'sustained wave' of regulation

2025: Reflecting on a 'sustained wave' of regulation

The FCA has issued 34 consultation papers this year

Paul Bruns & Sandy McGregor
clock 16 December 2025 • 4 min read