FOS cuts IFA case fees 12.5%

However, for other firms fees will rise from £450 to £500 and will be paid by those that have four or more disputes referred during the year. The first three cases will continue to be free. AIFA has welcomed the reduced levy for IFAs. "This is a positive step from the Ombudsman," director general Chris Cummings says. "It is recognition that IFAs have got a very good track record in terms of the low number of complaints generated by our profession and the even lower percentage of complaints that are upheld." The FOS says the general fee increase reflects an anticipated 44% increase in ...