FOS forecasts fee freeze for 2015/16
The Financial Ombudsman Service has announced plans for a freeze on standard case fees and levies for 2015/16 as it lowers targets for overall income in a consultation document published today.
The Ombudsman has set an operating budget of £220.7m for the year ahead, down from £253.7m for 2014/15, meaning it will require 13% less from financial businesses next year.
"To do this, we believe we
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