Less than one-third have paid FSA levy

According to the latest comments posted by the FSA on its website, less than one-third of regulated intermediaries have so far paid the full amount required, as 3,777 invoices were issued and just 1,195 intermediary firms have paid in full. FSA officials warn adviser firms it will take action, as the regulator points out firms were given “at least four months notice prior to invoices being sent out” in July, through the initial FSA levy announcement in March. In the meantime, executives will monitor IFA firms who have yet to pay in full, over the next few weeks to find out who is unab...