FCA announces reduction in adviser contributions and sets out 5 priorities

The UK's finacial regulator, the Financial Conduct Authority (FCA), has announced a 1.1% decrease in the annual fees they pay the regulatory body. The decreased contributions will come into effect in the current tax year, 2019-20, even though the FCA forcasts a rise in its  overall running costs over the same period. The FCA is proposing financial advisers will collectively pay £79.4m in the current tax year. The overall FCA budget will increase by 2% YoY. The fees announcement, howe...