12 Jul 2012
The FSA has proposed to hike its annual costs by 15.6 per cent from £500.5m for 2011/12 to £578.4m for 2012/13. View the FSA consultation paper on fees and levies for 2012/13 here.
This was on top of an FSCS levy of £33m for 2012/13 confirmed in its plan and budget.
The FSCS levy will be consulted later this year. Given its current unfairness and the ever-increasing cash calls on adviser firms Panacea hopes these plans change.
In the run up to this consultation, Panacea has put together a survey to which nearly 500 of you have responded, producing a 100 page document of answers and feedback.
This will be published next week. In the meantime, many thanks to all of you who responded. Once the results have been correlated, they will then be sent to the FSA, FSCS, AIFA and TSC.