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UK financial ombudsman reform's role for government raises independence questions

By Sofia Gerace ( March 17, 2026, 17:16 GMT | Comment) -- The UK's Financial Ombudsman Service should have a chair appointed by government rather than the financial markets watchdog, the finance ministry has said in a proposal that has sparked impartiality concerns. The change would give ministers a more direct role in the governance of the independent dispute resolution body and comes at a time when the FOS is lacking a permanent chair and chief executive.The next chair of the UK's Financial Ombudsman Service looks set to be government-appointed, taking responsibility away from the financial regulator — a move that has sparked impartiality concerns....

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