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FOS to axe 150 jobs as PPI claims fall

The Financial Ombudsman Scheme is planning to cut 150 jobs, including management positions, due mainly to a rapid decline in PPI work follow the ending of PPI claims to the Ombudsman.

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FOS CEO steps down amid complaints backlog

The CEO of the Financial Ombudsman Service, Caroline Wayman, has resigned amid mounting pressure on the ombudsman with the Coronavirus pandemic seeing a 50% surge in consumer complaints.

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FOS reports 30% complaints rise due to Covid-19

New complaints received by the Financial Ombudsman Service (FOS) rose 20% year on year in between July and September, as Coronavirus pandemic-related gripes continue to rise.

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FOS says Covid-19-related complaints top 10,000

The Financial Ombudsman Service has so far received over 10,000 Covid-19-related complaints, according to its quarterly report out today.

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