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 crackdown leads 24 CFD firms to cease operating since 2025

FCA crackdown leads 24 CFD firms to cease operating since 2025

Misuse of authorisation

clock 25 September 2026 • 1 min read
Steve Andrews: The rewards of doing the right thing

Steve Andrews: The rewards of doing the right thing

Immanuel Kant's categorical imperative

Steve Andrews
clock 21 September 2026 • 4 min read
FCA crypto registrations more than double ahead of landmark regulatory framework

FCA crypto registrations more than double ahead of landmark regulatory framework

Majority now achieve approval

clock 21 September 2026 • 2 min read