FOS chief Caroline Wayman to exit after seven years

Effective 16 April

Sophie King
clock • 2 min read

Financial Ombudsman Service (FOS) chief executive Caroline Wayman is stepping down from her role next month after seven years in the job.

Wayman is also chief ombudsman at the complaints organisation.  In a note published on the FOS website, Wayman (pictured) said: "After nearly seven years I have decided that the time is right for me to step down from the role. It's been an honour and a privilege to have led the service throughout this time." She added the service had reached a "pivotal point": in 2021 we expect to receive our final PPI [payment protection insurance] cases and as nations, organisations and individuals, we are contemplating a landscape shaped and forever changed by a global pandemic. "It's against th...

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 Your profession

Average pension transfer took just 11 days at tax year end

Average pension transfer took just 11 days at tax year end

Origo says transfer times decreased around tax year end with half taking seven days or less

Jasmine Urquhart
clock 17 June 2025 • 2 min read
Reeves eyes IHT U-turn as non-doms 'plan to leave'

Reeves eyes IHT U-turn as non-doms 'plan to leave'

‘Exodus’ fears continue to grow

Sahar Nazir
clock 17 June 2025 • 1 min read
'Not an adviser problem': Industry cites regulation as main advice gap cause

'Not an adviser problem': Industry cites regulation as main advice gap cause

‘The regulator caused it, they should fix it’

Isabel Baxter
clock 17 June 2025 • 2 min read