Tim Sargisson, the managing director of James Hay Partnership, has defended the provider's decision to tell clients the FSCS levy may be passed to them.
SIPP provider James Hay Partnership has written to clients saying it reserves the right to pass on the cost of the FSCS levy to them.
A total of 678 signatures have been collected for a petition to the FSA and the Treasury calling for a review of the funding of the FSCS.
The UK's largest banks will bear the burden of the government's new bank levy which aims to raise over £8bn.
Overseas investment in UK financial services jumped by 2.6% in the first half of 2010, according to IMAS Corporate Advisers.
The Pension Protection Fund's proposed levy calculation reforms will bring "stability and predictability" to scheme payments, chief executive Alan Rubenstein says.
The judicial review into the additional £80m levy for intermediaries has little chance of succeeding because the FSCS's decision - whilst smacking of unfairness - is technically legal, says Adviser Alliance.
The FSA is looking to hire an extra 450 staff to crackdown on insider dealing, Hector Sants has revealed.
Regulatory Legal says adviser inertia threatens to derail its campaign to mount a judicial review into the FSCS's decision to increase levies to meet the £70m costs of failed Keydata.
Adviser fee-blocks could be merged in the 2011/12 financial year, with potential cost implications for IFAs.