Fees
Best Practice | 28 Feb 23
UK advisers to shun simplified ‘core advice’ model
‘Targeting more wealthy clients’ and ‘fees will be too low’ are main arguments against the FCA’s plans
FCA to unveil £5,000 fee for financial promotion applications
Following amendment to prohibit firms undertaking marketing on behalf of unauthorised businesses
FCA fees increase by £17.2m
As regulator looks to reduce sums paid by smaller firms and appointed representatives
Clients want to pay a fixed fee for on-demand advice
And majority prefer to stick with face-to-face meetings
FCA increases adviser fees to £86.5m
Watchdog will create 80 roles to help shut down firms that do not meet minimum regulatory standards

