Treasury written question – answered at on 10 September 2012.
To ask the Chancellor of the Exchequer if he will take steps to reduce the amount independent financial advisers are required to pay when claims are lodged against them; and if he will make a statement.
The matter raised is for the Financial Ombudsman Service (FOS), whose day-to-day operations are independent from government control and influence. I have asked the FOS to write to the hon. Member about the issued raised. A copy of the response will be placed in the Library of the House.
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