FSA funding levy jumps 16%, but advisers will pay less

Consulting on its fees and levies for the year, the regulator said it will have an overall funding requirement (AFR) of £578.4m, up from £500.5m in 2011/12, a gross increase of 15.6%. However, the levy for the A13 advisory block - for firms which do not hold client money - is down to £38.4m from £39.7m last year, a fall of 3.4%. The minimum fee for small firms has been kept at £1,000, and the FSA said the largest firms will bare the brunt of the increase in total AFR. This is likely to be the FSA's final funding requirement before it splits into the Prudential Regulation Authority ...