FIN.

FCA consults on fees

FCA has published its annual consultation on fees and levies. Key changes to the current year’s policy include:

  • introducing a £5,000 pa fee for proxy advisers;
  • using income as the basis for calculating periodic fees for MTFs, OTFs and ROIEs;
  • changes to special project fees mainly to update their application;
  • a small administration fee for those that require paper invoices; and
  • views on funding free-to-consumer debt advice.

FCA asks for comment by 13 January 2020.

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Emma Radmore