Insurers have no choice but to join the Financial Ombudsman Service.
Insurance companies will be forced to join the Financial Ombudsman Service in November and will be l...
Insurance companies will be forced to join the Financial OmbudsmanService in November and will be legally bound to submit to the FOS'
recommendations.
Changes to regulation will make insurers statutorily obliged to sign up,
in a shift away from the old, voluntary regime. The FOS is a free and
independent alternative to the courts, resolving disputes concerning most
areas of private finance.
A spokeswoman stated: "Come November, joining us will be compulsory and
those one or two insurers that have
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