No reimbursement for 'overpaid' fees - Wheatley

Carmen Reichman

The Financial Conduct Authority (FCA) will not reimburse advisers for previously 'overpaid' fees if the proposal to cut regulatory costs from next year comes into force, chief executive Martin Wheatley has said.

The Association of Professional Financial Advisers (APFA) previously called on the regulator to give back the difference in cost between the reduced fees advisers will pay from next year and the higher...

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