FCA appoints new interim chair of the Financial Ombudsman Service
28 July 2025
Today the Financial Conduct Authority (FCA) announced the appointment of Liam Coleman as interim chair to the board.
The Financial Ombudsman Service announces that Abby Thomas, who joined in October 2022 as Chief Executive and Chief Ombudsman, is stepping down.
Interim arrangements will apply with the Deputy Chief Ombudsman, James Dipple-Johnstone, covering the Chief Ombudsman role and the Chief Finance and Risk Officer, Jenny Simmonds, covering the Chief Executive role.
Baroness Manzoor CBE, Chairman of the Board, said:
On behalf of the Board and the Executive, I would like to record our thanks and wish Abby every success in her future career."
Abby Thomas, Chief Executive and Chief Ombudsman, said:
It has been an absolute privilege to lead the Financial Ombudsman Service through this period of rapid transformation and innovation. I am immensely grateful to the entire Ombudsman team for everything that they do to support our customers and build confidence in the financial services industry."
28 July 2025
Today the Financial Conduct Authority (FCA) announced the appointment of Liam Coleman as interim chair to the board.
15 July 2025
The Financial Conduct Authority (FCA) and Financial Ombudsman Service are seeking to modernise the financial redress system to help prevent it becoming overwhelmed, delaying consumer compensation.
15 July 2025
Today we announced plans to change the interest rate applied to the compensation awarded to consumers.