FCA Consults on increasing application fees

December 2020

The FCA has set out proposals to ‘revalorise’ and simplify all FCA authorisation application fees and introduce some new transaction fees as part of a Consultation Paper on regulatory fees. The current application fee for insurance intermediaries in fee band A19, at £1,500, has not changed since 2004. To account for inflation this would increase to £2,320, a 67% increase. The FCA also proposes to condense them into a simple table of ten pricing categories.

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