FCA promises 'back to basics' fee review

The regulator said it would engage early with stakeholders and hoped to start the review over the summer before issuing discussion or consultation papers. It said its "early thoughts" on its review would be a back to basics approach to explore whether or not the industry should be segmented. At the same time, it said it would look at alternative ways of segmenting using fee-blocks as it does now. As the review progresses the FCA said it would also investigate the basis for allocating funding requirements to specific segments, and how it recovers allocated costs from firms that fall ...