Financial advisory businesses will contribute £68m to the Financial Conduct Authority's funding requirement for 2014-2015, a near-19% reduction on last year following a re-working of the regulator's fee blocks.
In 2013-2014, advisers paid a total of £83.6m, but many of these costs have been removed following a decision to add a new fee block for firms holding or controlling client money or assets. The 2013-2014...
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