FOS confirms £226.5m budget for 2016/17
FCA to consult on allocation of compulsory jurisdiction levy.
The Financial Ombudsman Service (FOS) has confirmed an operational income budget for 2016/17 of £226.5m, which it said was a small reduction from its latest forecast for 2015/16.
Its budget is funded by a combination of levies and case fees.
According to the FOS total income is set to be £239.5m.
It also stated that it had asked the Financial Conduct Authority (FCA) to increase the overall levy for compulsory jurisdiction from £23.3m in the preceding year to £24.5m in 2016/17.
According to the
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