After revelations of hefty bonuses for Financial Conduct Authority (FCA) executives, Sheriar Bradbury calls for a more commercial interpretation of success for the regulator's performance fees...
Our FCA fees doubled this year and they now make up 2% of our turnover. The majority of this is accounted for by the FSCS levy. And, as we all know, the levy is imposed on the good guys to cover the misdeeds of the less than good. We are paying through the nose for the mistakes and malpractice of others. This is madness and of course it is natural that decent advisers are in uproar: we are being hit left, right and centre by this injustice. What can we do? After all, the current levy is harming our businesses. It is stemming business growth and pushing additional fees onto ou...
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