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The Financial Conduct Authority (FCA) has published Policy Statement 16/16 (PS16/16) which provides feedback on the responses to the annual fees and levies consultation paper CP16/9 covering 2016/17. The policy statement includes all the final rates for:
- FCA fees and levies including consumer credit fees;
- The Financial Ombudsman Service general levy;
- The Money Advice Service levies; and
- The pensions guidance levies to fund Pension Wise on behalf of the Department for Work and Pensions (DWP).
All proposals remain unchanged from those set out in CP16/9 with the exception of plans relating to the application of consumer buy-to let mortgage fees. Members can read PS16/16 by clicking here.
An online Fees Calculator is available to firms to calculate their individual fees and this can be accessed by clicking here.
BIBA members’ compliance and regulation queries should be directed to: compliance@biba.org.uk
The post FCA publishes final regulated fees and levies for 2016/17 appeared first on British Insurance Brokers' Association.
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