FCA confirms £38.8m broker fees for 2025/26
The Financial Conduct Authority has confirmed brokers will contribute £38.8m to its £783.5m budget for 2025/26.
The total for the general insurance mediation pot has risen from £38m in 2024/25, but stayed unchanged from the initial fees and levies proposals set out this April.
RelatedFCA to consult on 2025/6 fees as it plans 2.2% hike for brokers FCA trims broker fees hike to 9.3%While the FCA’s budget for 2025/26 is up year-on-year, the amount it will collect in fees will drop by £8m to £711.9m.
The reduction is due to using £71.6m of financial penalty revenues kept from 2024/25.
The latest 2.4% hike to
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