FOS chief Caroline Wayman to exit after seven years

Effective 16 April

clock • 2 min read

Financial Ombudsman Service (FOS) chief executive Caroline Wayman is stepping down from her role next month after seven years in the job

Wayman is also chief ombudsman at the complaints organisation.  In a note published on the FOS website, Wayman said: "After nearly seven years I have decided that the time is right for me to step down from the role. It's been an honour and a privilege to have led the service throughout this time." She added the service had reached a "pivotal point: In 2021 we expect to receive our final PPI [payment protection insurance] cases and as nations, organisations and individuals, we are contemplating a landscape shaped and forever changed by a global pandemic. "It's against this backdrop,...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

Johnny Timpson criticises DWP's vulnerable customer practices

Johnny Timpson criticises DWP's vulnerable customer practices

Calls for DWP’s approach to be brought in line with regulated sectors

Jaskeet Briah
clock 26 April 2024 • 2 min read
IPT up 11% year on year

IPT up 11% year on year

£8.1bn collected n 23/24

Cameron Roberts
clock 23 April 2024 • 1 min read
Prime Minister Rishi Sunak to end 'sick note culture'

Prime Minister Rishi Sunak to end 'sick note culture'

Reform to the welfare system

Jaskeet Briah
clock 19 April 2024 • 3 min read