Treasury Committee asks for veto of any government-appointed FOS chair

A veto is needed to "enhance FOS independence" following proposed changes to the process for appointing the chair of the FOS, the chair of the Treasury Committee Dame Meg Hillier said in a letter to the Economic Secretary to the Treasury Lucy Rigby. The Committee's intervention follows the recent publication by the Treasury of its consultation response on its FS Sector Strategy:  Review of the Financial Ombudsman Service. That document said "the government will legislate to make the chair of the FOS a government appointment". It went on: "This will align the appointment of the FOS cha...