Finance education body will only cost firms 'notional contribution'

As a notional contribution, the charge will only apply to A-fee block firms, including financial advisers (in block A.13). However the £10 figure may be revised upwards in the future if the costs of running the body are higher than expected, and will be reviewed after CFEB has been in practical operation, the FSA says. Consultation paper CP09/26, Regulatory fees and levies - Rates proposals 2010/11 and feedback statement on Part 1, states the total budget for financial capability work in 2010/11, including the rollout of a national money guidance programme, is £45.4m. The FSA will ...