Adviser regulatory levy to increase by £3.2m in 2018/19

Released this morning, the paper accompanied the publication of the regulator's business plan for 2018/19. The levy category that includes financial advisers, "A.13", proposes a payment of £2.4m towards Pension Wise - a small increase from last year's £2.1m - £2.2m towards the Money Advice Service (MAS), and £80,000 towards the Single Financial Guidance Body, a new body that will merge Pension Wise, MAS and The Pensions Advisory Service. Overall, the proposed annual regulatory funding has increased 3.2% for 2018/19 to £543.9m. Reasons cited for the increase included additional ongoing...