M

Member

Speaking in the House of Lords on 22 June 2026

Debate

Financial Services and Markets Bill [HL]

Contribution

My amendment is intended to be probing. Can the Government explain why Clause 8 is the right way to deliver greater clarity and certainty in FOS decisions? What evidence base justifies a change of this scale? How can they assure the Committee that the consumer’s access to fair, impartial and timely redress will not weaken as a result? As drafted, Clause 8 raises several risks. First, it weakens the ombudsman’s impartiality. The current wording removes that discretion, as I have explained. Secondly, it undermines how FOS can act as a fast, informal dispute resolution body.

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