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UK financial ombudsman’s independence at risk with govt reforms, lawmakers warn

By Sofia Gerace ( March 18, 2026, 11:06 GMT | Insight) -- The independence of the UK’s Financial Ombudsman Service is at risk after the government said it would take responsibility for appointing the chair of the body that resolves disputes between consumers and financial firms, UK lawmakers have warned. Parliament's influential cross-party Treasury Committee has called for a veto on the appointment and dismissal of the chair to strengthen safeguards.The independence of the UK’s Financial Ombudsman Service is at risk after the government said it intended to take responsibility for appointing its chair, UK lawmakers have warned, calling for a veto in the process to strengthen safeguards....

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