New bill will downgrade the role of the Financial Ombudsman Service | Letter

Iain Ramsay draws attention to the enhancing financial services bill and the influence of finance industry lobbying in proposed reforms that could be affect consumersPress reports on the king’s speech, including in the Guardian (The king’s speech: what is the government’s legislative agenda for the next 12 months?, 13 May), gave little coverage to the proposed enhancing financial services bill, a central part of which will downgrade the role of the Financial Ombudsman Service (FOS).Cloaked in th...