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

Why human connection remains central in a digitally enabled advice sector

Why human connection remains central in a digitally enabled advice sector

'It is clear that the sector is moving through a significant period of transformation'

Tim Riseborough
clock 17 December 2025 • 3 min read
Why advisers shouldn't rush into private markets

Why advisers shouldn't rush into private markets

'There's only so long the hamster wheel can keep turning'

Justin Cash
clock 15 December 2025 • 4 min read
Adviser workload set to rocket ahead of IHT on pensions changes

Adviser workload set to rocket ahead of IHT on pensions changes

Large volumes of clients will need reviews of financial plans

Isabel Baxter
clock 15 December 2025 • 3 min read