View the article online at http://citywire.co.uk/wealth-manager/article/a743685
FCA fee block changes lead to 19% fall for advisers
by Danielle Levy on Mar 31, 2014 at 10:26
The FCA also reminded firms in the A21 fee block that the income they report in A13 should relate only to intermediary activities. 'It is accordingly plausible that they would report a lower income for the new A13 than they used to report under A12,' the regulator added.
The regulator's impact analysis indicated that across all the firms involved proposals would not have an impact on 44% of firms; would reduced the 2013/14 fees for 43% of firms, and increased fees for 13% of firms.
Overall the FCA's annual funding requirement will rise 3.3% to £446.4 million.
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