Levy
Advice firm sees 140% increase in regulatory fees
Industry needs to brace itself because ‘the prospect of any change soon is extremely unlikely’
FSCS forks out £282m in advice and life compensation
Redress paid to investors in 2019-20 increased by over 36%, with Sipps leading the way
FSCS levy costs ‘unacceptable’ but bound to rise
As FCA chairman takes aim at internet giants for ‘absurd’ practices that are driving costs up
£100m hike in UK lifeboat scheme levy
Estimated £44m will be used just to compensate mini-bonds victims
UK watchdog proposes 1.6% rise in adviser regulatory fees
But, due to coronavirus, 71% of firms that pay minimum levies will see no change