FOS confirms 30% levy hike; case fee to rise to £550

This year is also the first time in three years that the FOS is upping the case fee, from £500 to £550 per case. The payment protection insurance (PPI) supplementary case fee will remain at £350 for 2013/2014, but the FOS said it will consider afresh the need for this fee - and its level - when it comes to consider its PPI funding needs for 2014/2015 and beyond. The number of "free" cases - where neither the standard case fee nor the PPI supplementary case fee are payable - will rise from three to 25 across the board. For the four largest banking groups, FOS will introduce a group ...