27 July 2018
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Nicky Morgan: "The Committee is doubtful as to whether the FOS is ready for an increase in its remit within the FCA’s timeline."
Treasury Committee chair Nicky Morgan has written to the FCA expressing doubts the FOS is ready to increase its remit to deal with the cases of small and medium-sized enterprises (SMEs).
Morgan's (pictured) concerns came in light out of the Treasury Committee's evidence session with the Financial Ombudsman Service (FOS) on the findings of its independent review earlier this month. In...
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