The FOS faces your questions
How is the Financial Ombudsman Service (FOS) funded?
The Ombudsman Service is funded by levies and case fees which authorised financial firms have to pay by law. We receive no government funding.
Although we operate under the Financial Services and Markets Act 2000, we are not a government body.
How do you ensure that firms that have the most complaints pay the biggest share of your costs?
In general terms the aim is to recover our casehandling costs through case fees and our overhead costs
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Podcast
The Insurance Age Podcast: 3 April 2020
Insurance Age commissioning editor, Laurence Eastham, and news editor, Ida Axling, discuss the top stories of the week.
Subscribe to our daily newsletter for all the latest news
Most read
- Action groups hit out at “absurd” insurer defences in FCA BI case
- MGAs under threat as insurers set to crackdown
- Brokers not responsible for BI test case insurance policies under contract law, argues FCA
- Covid-19 to boost broker M&A
- FSCS reports surge in broker-related claims
- Saga confirms 300 redundancies
- Aviva Ireland GI CEO launches legal proceedings against the provider - report