By Sofia Gerace ( March 16, 2026, 13:32 GMT | Insight) -- The UK is moving ahead with an overhaul of the financial services redress system to address concerns the Financial Ombudsman Service was acting as a "quasi-regulator." The government said it would legislate when time allowed to amend the so-called “fair and reasonable” test to better align the ombudsman service's decisions with Financial Conduct Authority’s rules and introduce a 10-year time limit for bringing complaints to the...