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How are FOS general levy rates calculated?

April 26, 2017calculated FOS levy rates

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How are FOS general levy rates calculated?

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The FOS draft budget is £57.3m for 2007/08. The FOS general levy rates for 2007/08 are derived from the draft FOS budget (published on 12 January 2007). In CP07/3 (Chapter 16) we are proposing that the 2007/08 general levy will recover 33% of the FOS’s income, and case fees will recover 67%. As a result firms generating complaints will pay a greater proportion of the costs of the FOS than firms with few or no complaints reaching the FOS.