FCA adviser fees to rise 1.5% to £82m

Consultation paper

Sophie King
clock • 2 min read
In this paper, the FCA said: “We have acknowledged that the current cost of the FSCS levy for certain firms is too high, especially at a challenging time for all businesses.
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In this paper, the FCA said: “We have acknowledged that the current cost of the FSCS levy for certain firms is too high, especially at a challenging time for all businesses.

The Financial Conduct Authority (FCA) has predicted advisers will pay £82m in fees this year, a 1.5% increase from last year.

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...

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