2026 will be a ‘year of material change’ at the Ombudsman
Continuing to work with FCA on redress improvements
Targeted support is a one-off service and does not involve ongoing suitability assessments
Latest FOS data shows there were 1,426 complaints in H1 2025
Network must compensate £2,678 interest
Following joint call for input with the FCA and government proposals
Includes £100,000 loss of office compensation
Some changes appear to be ‘lacking in any substance,’ commentators say