The UK Financial Conduct Authority (FCA) has announced the appointment of Liam Coleman as interim Chair of the Financial Ombudsman Service (FOS), effective from 10 October. Mr Coleman will chair in this position until a permanent appointment is made, following an initial recruitment campaign that proved unsuccessful. He will step down as a non-executive director of the FCA to assume his new position. His appointment comes as the FCA continue work to modernise the redress system and support prevent delays to compensation.
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