FCA publishes its fees and levies rates proposals for 2024/25

April 12, 2024

The FCA is consulting on the rates for the regulatory fees and levies for the financial year 1^st April 2024 to 31^st March 2025.

The FCA’s Annual Funding Requirement and financial penalty rebate results in a proposed £719.6m in fees payable by regulated firms for the 2024/25 fee year.  This is a 14.4% increase on the prior year.

Based on the FCA’s proposed fee-block allocations, the following are some of the increases proposed:

·         A. 19 General insurance mediation – 9.8%

·         A. 23 Funeral Plan intermediaries and providers – 9.7%

·         CC2 Consumer Credit-full permission – 18%

This consultation is open until the 14^th May.

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