There is no justification for the Financial Conduct Authority’s (FCA) proposal to increase fees for regulated firms by 8.4% in the 2015/16 financial year according to many brokers.
Most argue such a rise is indefensible in tough trading conditions with inflation at zero percent.
However, some did note that any increase will be the first since 2010 and judgement should be reserved until the FCA explains what the extra money is for during its consultation process.
There are also differences of op
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