Consultation opened on how the regulator will be funded for 2023/24
The Financial Conduct Authority (FCA) has confirmed its levy for the coming year will be £432.1m, with financial advisers contributing 9% of the total.
The rise in costs in the Financial Services Authority's (FSA's) latest invoice could encourage firms to manipulate figures to achieve a lower bill, an adviser has warned.
Financial advisers will pay a lower fee to fund the Financial Services Authority (FSA) than initially thought after arrangements for 2012/13 were finalised.
AJ Bell has changed the terms and conditions (T&Cs) of its SIPP products allowing it to pass on the costs of FSCS and FSA levies to investors in the future.
A new way of calculating IFAs' share of the FSA's annual fees which would see intermediary firms pay a third of current estimates in 2010/11 has been put to the regulator by the Association of IFAs (AIFA).
The FSA's immunity from civil action under conduct of business legislation is fuelling poor regulation and failure in the financial services industry, says an IFA support group.
A law firm preparing a legal challenge to an FSCS decision to levy advisers for a number of high-profile investment failures says it needs the backing of 1,000 IFAs to succeed.
The Financial Ombudsman Service (FOS) has been forced to upscale its workload figures as the number of new complaints continues to rise.
Lifemark, the life settlement vehicle embroiled in the collapse of Keydata, has been given a further six months to restructure.