NIBA will support the convergence of Insurance Brokers Disputes Ltd (IBD) into the Financial Ombudsman Service (FOS) as long as brokers are not disadvantaged, according to NIBA CEO Noel Pettersen.

He says IBD members would need to have input into the scheme’s future terms of reference and a proper balance of representation on the specialist industry advisory committee.

Chief Ombudsman Colin Neave told NIBA in August he is confident the FOS board will approve the current IBD terms of reference into a possible insurance brokers division of FOS.