FCA proposes to freeze fees for 4,000 adviser firms

Up 1.6% for larger firms

Hannah Godfrey
clock • 1 min read

The Financial Conduct Authority (FCA) has proposed ‘small’ adviser firms will have their regulatory fees frozen for the upcoming 2020/21 financial year.

Set out in its regulated fees and levies rates proposal document, published on Tuesday morning (7 April), the FCA proposed those classed in regulatory block A.13 - advisers, arrangers, dealers and brokers - collectively pay £80.7m in regulatory fees, up 1.6% from £79.4m the previous year. However, it also proposed certain firms should benefit from a freeze on fees, namely those the FCA considers to be ‘small' firms. In this context, ‘small' means the firms that pay FCA minimum fees. According to the FCA, there are 4000 adviser firms that come under this banner.  The FCA said the chang...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

HENRYs most open to financial advice

HENRYs most open to financial advice

According to Quilter’s Value of Advice Report

Sophia Panayi
clock 23 September 2026 • 2 min read
Why financial planning needs to wake up to neurodiversity

Why financial planning needs to wake up to neurodiversity

Finova Money’s Anna Butcher launches the Uniquely Wired Network

Isabel Baxter
clock 21 September 2026 • 4 min read
Ahmed Bawa: Why advisers need to ask themselves the long-term questions

Ahmed Bawa: Why advisers need to ask themselves the long-term questions

What do you need from your network?

Ahmed Bawa
clock 21 September 2026 • 5 min read