levy
Protection
General insurance brokers could be hit with a £20m bill from the Financial Services Compensation Scheme (FSCS) and a further £40m hike next year as the fallout from payment protection insurance (PPI) continues.
12 February 2010
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Regulation
The FSCS plans to hit IFAs with a proposed levy of £70m before the end of March.
12 February 2010
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Your profession
The Financial Services Ombudsman (FOS) has frozen the total levy paid by all financial businesses, and the case fee, at 2009/2010 levels until March 2011.
12 January 2010
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Your profession
Banks are unhappy with suggestions they should pay additional levies to fund financial education in the UK.
18 November 2009
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Regulation
The FSA has proposed implementing a minimum £1,000 fee for all regulated firms, as part of reforms to its levy calculations.
10 November 2009
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Adviser / Broking
Research suggests a gap has emerged between how IFAs rate their performance and the actual scores that their clients awarded them.
02 November 2009
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Investment
The Pension Protection Fund has announced that it will set a pension protection levy estimate of £700m, indexed to wages, for 2010/11.
23 June 2009
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Your profession
The FSA sanctioned an interest rate rise on loans it pushed to advisers as a way of paying their regulatory fees despite plunging base rates.
03 April 2009
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Your profession
Square Mile Securities Limited has been declared 'in default', leaving other adviser firms to stump up the cash to pay for compensation claims.
23 February 2009
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Your profession
The Financial Services Compensation Scheme (FSCS) levy for investment advisers will increase by almost 400% in the 2009/10 financial year due to an expected increase in mis-selling and property claims.
13 February 2009
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