FOS launches action plan to improve customer service

'This is just the beginning'

Julia Bahr
clock • 3 min read

The Financial Ombudsman Service (FOS) has introduced an action plan approved by its board to provide better service for its customers.

The plan is being launched in response to an independent periodic review commissioned by the FOS, also published today, the body said. It presents how the FOS will change and sets out how fair and reasonable dispute resolution can be delivered to customers more quickly. The FOS said its current operating model, introduced in 2015, was predicated on the number of complaints reducing, but this has not materialised. "Our investigators and ombudsmen have generally been expected to deal with all types of complaints, which have become increasingly varied and often more complex. This, togeth...

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

Dennis Hall's open letter to the FCA: Time to retire RU64

Dennis Hall's open letter to the FCA: Time to retire RU64

'The rule is particularly misaligned with client expectations'

Dennis Hall
clock 01 May 2025 • 2 min read
FCA backs artificial intelligence with live testing service

FCA backs artificial intelligence with live testing service

Wants AI to keep the UK competitive

clock 29 April 2025 • 2 min read
FCA to cut red tape for investment firms in bid to streamline regulation

FCA to cut red tape for investment firms in bid to streamline regulation

Volume of legal text cut by 70%

Linus Uhlig
clock 24 April 2025 • 2 min read