11 Nov, 2009
FSA Fees changes - 2010/11
The FSA have published a Consultation Paper CP2009/09 setting out their plans for changing the basis of annual fees for Regulated Businesses.
For small IFA's this means that fees are likely to reduce. Insurance Brokers and Mortgage Brokers are likely to see a modest increase - with the new minimum fee likely to be in the region of £1000 pa.
The FSA are also planning to have variable fees - with higher fees being paid by those Firms in direct relation to their size, scope and degree of regulatory engagement.
Comments are invited by 11th January 2010 and a copy of the CP may be obtained at : http://www.fsa.gov.uk/pages/Library/Policy/CP/2009/09_26.shtmlBack to News
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