FSA extends 'pay-in-instalments' scheme

Interest rates of 3.35% (9.2% APR), with a rate of 2.85% (7.8% APR) for trade association members, have been agreed for firms wishing to pay their regulatory fees and levies by this method. In 2006/07, over 3,800 firms chose to pay by instalment, following the agreement reached by an FSA-chaired working group - which included representatives of several trade bodies - to ensure this facility would be available for three years. Premium Credit Ltd has again been selected as the preferred supplier by the working group, and will continue to guarantee auto-acceptance to all FSA authorised firms...