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FOS announces increased award limits

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Published on: 13 March 2024
Published by LNB News

LNB News 13/03/2024

Document Information

Issue Date: 13 March 2024

Published Date: 13 March 2024

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Ombudsman Service (FOS) has announced that the Financial Conduct Authority (FCA) has confirmed the increase to its award limits for the coming financial year. From 1 April 2024, FOS award limits will go up to £430,000 for complaints referred to it on or after 1 April 2024 about acts or omissions by firms on or after 1 April 2019; and £195,000 for complaints referred to it on or after 1 April 2024 about acts or omissions by firms before 1 April 2019.

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Jurisdiction(s):
England, Northern Ireland, Scotland and Wales

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