This document summarizes updates from the Financial Ombudsman Service (FOS). It discusses how FOS has significantly reduced its backlog of disputes, introduced faster resolution processes like expedited determinations and a fast track pilot program, and plans to further streamline the dispute process. It also outlines proposed changes to FOS' Terms of Reference relating to these process changes, flexibility of objection timeframes, compulsory joinder of additional financial services providers, and allowing asset sales in some cases.