He told FCA chairman John Griffith-Jones to write a letter setting out how the FCA justifies the regulatory fees paid by financial services firms.
Earlier this month, the FCA set out its £518.9m ($750m, €666.7m) budget for 2016/17, with financial advisers paying £73.7m towards it.
The levy represents a 1.6% reduction in fees compared to the £74.9m paid out the previous year.
Furthermore, advisers will also receive a £4.2m rebate on its 2016/17 fees from fines levied against firms over the past year.
Speaking at a committee hearing on Tuesday, Tyrie said that firms paying the levy were not happy they were getting value for money from their regulatory fees.
‘I’m not going to raise this with you in any great detail now, but there’s dissatisfaction, concern, that we might not be getting value for money from the levy,’ he said.
‘The levy is always paid for by consumers in the end. It’s a cost we are all bearing and we need to make sure we do get good value for money for it.’
