Peter Bottomley – 2014 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Peter Bottomley on 2014-06-13.

To ask Mr Chancellor of the Exchequer, how much funding of the Financial Ombudsman Service came directly from the levy on the Office of Fair Trading licences on consumer credit firms in (a) 2011, (b) 2012 and (c) 2013; how this funding will be levied in future; and if he will make a statement.

Andrea Leadsom

The Financial Ombudsman Service (FOS) is an independent, non-Governmental body and questions about its funding are a matter for the FOS or, as the case may be, the Financial Conduct Authority (FCA), who approve the FOS budget and fee rules. This question has been passed on to the FOS, and the FOS will reply directly to the honourable member by letter. A copy of the letter will be placed in the Library of the House.