Investigations by the Financial Ombudsman

May 27, 2004 2 Replies

Does anybody know....



When the Financial Ombudsman Service investigates a body (that is governed by the FSA) over a complaint, does the body being investigated have to pay a fee at all?



I have read all the literature, and I know that the person who originally complained against the body does NOT have to pay for the investigation, but it is unclear about the body being investigated.



Any help appreciated.


Yes, and the fee is non refundable regardless of whether the complaint amounts to anything

Yes, it does - normally 360. The first two complaints in any one year are free (or are about to become so, I'm not sure whether that concession has been brought it yet).

See

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tm for further info. Laura.

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