Abuse victims must not be 'blocked' from redress, group urges

In response to FCA and FOS consultation paper

Jen Frost
clock • 3 min read

In its response to a recent Financial Ombudsman Service and Financial Conduct Authority consultation paper, The Investing and Saving Alliance has warned against blocking domestic and economic abuse victims from redress.

The FOS and FCA laid out reform plans, including questions on a new registration stage and updated dismissal grounds, in its recent consultation paper, CP26/9: Modernising the redress system. Stakeholders had until yesterday (11 May) to respond to a series of 21 questions. In response, TISA head of policy, consumer protection and access, Sophie Legrand-Green urged that, while speed and predictability are important, "shutting out vulnerable consumers when they most need help would fail the very people the system is supposed to protect". Legrand-Green's comment was in reply to a sect...

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