FCA adviser fees to rise 1.5% to £82m

In a consultation paper,  published on Tuesday (20 April), the regulator set out its annual funding requirement for the next year. It said that advisers, arrangers, dealers or brokers with permissions in the A13 block can expect to pay £82.3m for the year 2021/22. For 2021/21, the amount paid was £81.1m. The regulator's overall budget has been set at £616.5m, an increase of 4.5%. The FCA also said that because of the coronavirus pandemic, it will continue to keep its minimum fee charge the same for the coming year.  "We continue to propose not to increase minimum fees by the 2% ...