regulatory fees

The Financial Services Compensation Scheme (FSCS) is considering how it can introduce 'risk' as a metric upon which to base the calculation of its levy on firms.

Professional adviser body the Personal Finance Society (PFS) has called for the introduction of a product levy to help reduce the regulatory cost for advisers.

The Financial Conduct Authority (FCA) is proposing to raise £74.9m from financial advisers for the coming year, representing an upswing of 10.2%.

The Money Advice Service (MAS) is set to redistribute funding from its 'money advice' proposition to its 'debt advice' offering, meaning advisers' contributions to the body could be cut.

A mere half of financial advisers would recommend the profession as a career choice to a family member, new research suggests.

Financial advisers could pay a larger share of the costs for delivering the government's ‘guidance guarantee' than pension providers.

The prospect of a 'regulatory dividend' for advisory firms - proposed by the Association of Professional Financial Advisers (APFA) - has been all but ruled out by the Financial Conduct Authority (FCA).

The Financial Conduct Authority (FCA) has confirmed advisers' regulatory fees for the next year will be £68m - a near-19% reduction on last year, in its latest policy statement.

The Financial Conduct Authority (FCA) is considering changing the way it charges firms, including financial advisers, that want regulatory authorisation.

The smallest advice firms face the largest proportion of regulatory costs, with some paying up to 20% of their income, research commissioned by the Association of Professional Financial Advisers (APFA) has found.