Financial Ombudsman Service consults on changes to its case fees
13 August 2025
We're consulting on changing our case fee structure which would see businesses pay less for complaints which are resolved earlier in the investigation process.
The Financial Ombudsman is today announcing the appointment of Jenny Simmonds to the role of Chief Finance and Risk Officer.
Jenny, 51, will take up her role in January and will lead the financial and risk infrastructure and be accountable for the property and facilities management strategies, the procurement function and will also act as Company Secretary.
Jenny is currently Strategy, Commercial & Data Director at Virgin Media O2 Business & Wholesale UK. She has over ten years’ experience as a Finance Director, having held this role across various divisions of Virgin Media O2.
Abby Thomas, Chief Executive and Chief Ombudsman, Financial Ombudsman Service, said:
Jenny brings a wealth of experience as a Finance Director and has a leadership style that is inclusive and collaborative. Jenny will be a strong addition to the Executive team. I’m delighted she is joining us and I’m looking forward to working with her.
Jenny Simmonds said:
I am very much looking forward to joining the Financial Ombudsman Service. I am passionate about delivering the best for consumers and businesses with a purpose that really matters, and the core values of the service align closely with my own.
The Financial Ombudsman Service was set up by Parliament to resolve individual complaints between financial businesses and their customers on a fair and reasonable basis, as an alternative to the courts. It can look into problems involving most types of money matters. It is committed to sharing insight and experience to encourage fairness and confidence in financial services.
13 August 2025
We're consulting on changing our case fee structure which would see businesses pay less for complaints which are resolved earlier in the investigation process.
7 August 2025
Financial complaints needing our intervention have fallen to their lowest level in over a year, according to new quarterly figures published today.
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.