Innocent IFAs should not pay case fees - Pfs

John Ellis, head of public affairs at the Pfs, says he will submit a response to the Fos Compulsory Jurisdiction: Funding Review discussion paper shortly arguing IFAs should only have to pay case fees if they are found to be at fault. He states: “There are quite a large number of advisers who are subjected to the Fos where cases are never substantiated. Their clients take complaints to the Fos level and IFAs have to pay a fee just for the case being looked at. IFAs object to this.” But in its consultation paper the Fos dismisses such a proposal, saying: A £360 case fee would have to ...