Merricks is financial services ombudsman.

Newly-appointed chief financial services ombudsman Walter Merricks has promised to address concerns ...

Newly-appointed chief financial services ombudsman Walter Merricks
has promised to address concerns about potentially high levels of
bureaucracy within the Financial Services Ombudsman Scheme.


Mr Merricks, currently the insurance ombudsman, said he wants to create a
"responsive and flexible" system incorporating all the positive aspects of
the IOB.


He added that it is imperative that hearings under the new
all-encompassing scheme do not become too tribunal-like. Under the remit
of the Financial

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FSCS gives first insight on increasing levy to £394m

The Financial Services Compensation Scheme has indicated its levy for 2025/26 will rise to £394m from £265m this financial year as it cited having lower surpluses to carry forward and offset bills – a factor that has benefited brokers for two years in a row.

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