FOS confirms levy freeze for 2012/13

Advisers will continue to be charged at £500 for each case above the first three reported. The FOS's projected budget for 2012/13 is more than £6m short of its expected costs for the forthcoming year, but this is covered by a £6.6m budget surplus in 2011/12. The overall levy for the "compulsory jurisdiction" has been set at £17.7m, with the levies for the "consumer credit jurisdiction" and "voluntary jurisdictions" at a combined £2m. The Ombudsman also announced firms caught in the PPI mis-selling scandal would face a supplementary case fee of £350, above the first 25 cases per yea...