FCA adviser levy up 4.7% but individual fees down

Minimum fees up 1%

Carmen Reichman
clock • 2 min read

The Financial Conduct Authority (FCA) has proposed to raise the levy it collects from advisers by 4.7% to £77.1m for the coming year.

In a consultation out on 18 April the regulator proposed to collect £3.4m more from advisory firms to cover its running cost than last year when it raised £73.7m. However, it estimated there would be 2.9% more advisory firms operating in the market this year - 9,779 in total - which would lead to a 3.7% reduction in rates paid by individual firms. The fees are based on an estimated tariff of £29.2bn and follow a rebate of £4.4m, or 5.7%, from last year. The FCA also proposed to raise the minimum fees it collects from small firms by 1% - or £11 - to £1,095 to reflect inflationary in...

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 Regulation

FCA secures money back for victims of £1.5m crypto fraud

FCA secures money back for victims of £1.5m crypto fraud

Obtains confiscation orders against Raymondip Bedi and Patrick Mavanga

Sophia Panayi
clock 28 September 2026 • 1 min read
FOS partially upholds complaint against SJP for failing to provide annual reviews

FOS partially upholds complaint against SJP for failing to provide annual reviews

SJP failed to provide five annual reviews for client

Sophia Panayi
clock 23 September 2026 • 3 min read
FCA: Simplified advice rules update imminent; MPS review outcome set for 2027

FCA: Simplified advice rules update imminent; MPS review outcome set for 2027

Regulator's Kate Tuckley gives update

Isabel Baxter
clock 08 September 2026 • 3 min read