FCA says adviser fees will increase by 1.6% in 2020-21

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The UK's watchdog, the Financial Conduct Authority (FCA), has said fees from the advisory sector will rise by 1.6% for the financial year 2020-21. The rate is being frozen at 1.6% for smaller advice firms, the FCA announced today. The overall levy increase for adviser fees remains below the average rate of inflation for 2019. The total contributions from advisers will reach £80.7m, the regulator confirmed. The overall the budget for the FCA is increasing by 2% YoY to £548.5m. The FCA said in a statement this morning: "The rates on the most common charges have not changed since our ...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.