Video interview with Chief Ombudsman. FOS staff getting professional financial services qualifications

Caroline Wayman puts in a smooth performance replying to some very gentle questions from Anthony Gould of the Chartered Insurance Institute.

Most interesting to me was her comment that “quite a lot of” FOS Adjudicators and Ombudsmen are obtaining professional qualifications in Insurance and Financial Services whilst “at the ombudsman”.  (15.33 minutes into the video).  Hmmmmm….I wonder how many staff … and what qualifications ? Some FS qualifications take a lot of study and need to be kept up to date.  I’m surprised they have the time.  Perhaps FOS has decided to address the long standing criticism that FOS staff are not qualified in the matters they rule on.  I notice that this statement now appears on the FOS careers page

Knowledge is at the heart of what we do at the ombudsman service. This is why we are committed to the professional development of our employees. As well as providing a wide range of on-the-job training and support, we offer employees the chance to take in-house and external training courses, and to study for relevant qualifications.

We also provide sponsorship for qualifications through the Chartered Institute of Bankers in Scotland, Chartered Institute of Securities and Investments and Chartered Institute of Insurance (CIOBS, CISI and CII) which employees can apply for

Video interview with Chief Ombudsman, Caroline Wayman at the CCI
(Click on “Play Video”)
My thanks to Tim Kelly, who tweeted me about this interview.

Ms Wayman under a bit more pressure at the Public Accounts Committee, 2-3-2016

Categories: FOS, qualifications

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