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FOS reveals £1.2m levy increase; case fees frozen

The Financial Ombudsman Service industry levy will increase of £1.2m for 2016/17, while case fees remain frozen at £550 for the fourth year in a row. The FOS levy will climb from £23.3m to £24.5m, while its planned operating budget will also increase from £223.2m to £226.5m The FOS linked the increase levy to the […]

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Old Mutual carve-up paves way for stockmarket listing

Old Mutual may seek to float its UK business following last week’s announcement of a break-up of the firm. But experts warn that any movement will have to wait until it has handled the “mind-boggling” costs linked to its ongoing replatforming. Old Mutual announced last week it will split its business along four lines: Old Mutual Wealth, […]

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