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

Andrew Goodwin: Five steps towards advice for everyone

Andrew Goodwin: Five steps towards advice for everyone

Long-term hopes for financial advice

Andrew Goodwin
clock 15 October 2026 • 5 min read
Wealth M&A deals triple in six years as PE buyers dominate market

Wealth M&A deals triple in six years as PE buyers dominate market

PE buyers account for nearly three-quarters of deals

Isabel Baxter
clock 14 October 2026 • 2 min read
Dyer Baade & Company's Daniel Baade: £500m-£2bn AUA firms key battleground in wealth M&A's next phase

Dyer Baade & Company's Daniel Baade: £500m-£2bn AUA firms key battleground in wealth M&A's next phase

Fewer but better buyers

Daniel Baade
clock 13 October 2026 • 3 min read