Aifa and Ami at odds over Fos funding

Last week Aifa reiterated its support for option H of the Fos’s discussion paper on future funding, which would see case fees becoming payable from the 11th and subsequent cases and an annual fee of around £230 per firm. But yesterday Ami said it favours option F, whereby case fees would become payable on the sixth and subsequent cases with an annual fee per firm of around £175. Chris Cummings, director general of Aifa and Ami, says the differing approaches result from the fact the organisations’ research and the Fos’s annual report suggest there are fewer complaints in the mortgage i...