Adviser firm profits fell £100m in 2015 compared with 2014, a drop the Association of Professional Financial Advisers (APFA) attributes to increases in the "unsustainable" Financial Services Compensation Scheme (FSCS) levy.
The £100m drop represents a fall of 10% in pre-tax and 65% in post-tax profits, APFA data showed. The pre-tax profits figure was £835m in 2015 compared with £931m in 2014, itself up from £884m in 2013....
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