UK - The Pensions Ombudsman (PO) and The Financial Ombudsman's Service (FOS) have been waiting in anticipation for the results of The Department of Work and Pensions (DWP) Institutional Review amid speculations they will be merged or scrapped.
This week there has been reports that the PO will be scrapped and that the FOS will take on its responsibility.
A spokesperson for the FOS said: “We need to wait for Paul Thornton’s findings, it is for others to decide whether to extend our jurisdiction as we already deal with some pensions complaints.”
Deputy pensions ombudsman Charlie Gordon, added: “The response is that we cannot speculate on the outcome of the review or ministers' response to any recommendations. The DWP website has all the publicly available information on it.”
However, Gordon added that an exercise to appoint a successor to the current pensions ombudsman, David Laverick, who is due to step down in August, is underway and an announcement could be expected shortly.
The results of the review are due in the next couple of months.
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