Brokers to see FSA fees fall in 2011/12
The minimum fee for smaller brokers will fall to £844, while those charged by income levels will see a fall of 19% to £2.01 per £1,000 of annual income.
The FSA confirmed that its overall budget would increase by 10.1% for the year to £500.5m (2010/11: £454.7m) but confirmed that past fines accounted for the reduction.
A statement from the regulator read: "The enforcement fines the FSA imposes during the previous year are returned to the industry by way of discounts to their fees in the
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 print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Videos/Podcasts
Insurance Covid-Cast: How has staff productivity been impacted by remote working?
For the 35th episode of Post and Insurance Age’s video series we gathered together a panel of senior insurance managers to discuss how productive staff have been since Covid-19 lockdown, and whether it has changed as restrictions have eased?
Subscribe to our daily newsletter for all the latest news
Most read
- Analysis: Gefion collapse highlights risks of unrated capacity
- Covid BI claims payments hit £765.8m
- XS Direct secures UK location with Brightside MGA buy
- Mark Wilson's Abacai makes six leadership hires
- Aston Lark Ireland seals fresh deal in Dublin
- Saga appoints CEO
- Clear furthers expansion with Anderson White buy