Brokers facing 3.2% FCA fee rise as regulator budget grows to £640.1m


The 3.2% increase on this year’s bill would come as the watchdog’s total budget increases by 4.3% year-on-year to £640.1m.

The proposals set out in a consultation paper are due to be finalised by June when the FCA will calculate final fee rates.

The figure could also change due to amendments in the penalty rebates. The FCA has estimated applying £2.8m to the benefit of the broker pot.


According to the FCA, factors behind the increase in total budget include inflation at 6.2%

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: