Regulatory fees to rise for IFAs

The FSA has finalised the fee rates in its Regulatory fees and levies 2006/07 paper, and Samantha Bennett, press officer at the regulator, says small IFAs and mortgage intermediaries will see an increase in the overall amount of fees they pay compared with last year. Fees are dependent on the amount of business a firm does and whether it changes its permissions, and Bennett advises firms to work out the exact amount of fees payable by using the regulator’s updated online fee calculator, available from today. Generally speaking, however, she says an IFA firm with one approved person will...