FOS publishes budget

The Financial Ombudsman Service (FOS) has published its budget for the next financial year for consultation, together with its corporate plan for the next three years. The budget showed the continued impact of mortgage endowment complaints on the FOS. Following a five year period during which the number of complaints to the ombudsman increased more than fourfold and the service more than tripled in size. The average cost of resolving a dispute is estimated at £472 for 2006/07.

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 copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: