We are publishing rules on our 2015/16 regulatory fees and levies for the FCA, the pensions guidance levy, the Financial Ombudsman Service (ombudsman service) general levy, and the Money Advice Service.
Why are we publishing rules on this?
We are funded entirely by the fees and levies recovered from the firms we regulate – we receive no subsidies from other sources. The policy in this paper will enable us to raise the funding for the FCA, the ombudsman (excluding case fees) and the Money Advice Service to meet their statutory objectives in 2015/16. They will also enable the Pension Wise service, provided by the Treasury, to be funded in 2015/16. This follows the second part of our consultation on 2015/16 fees.
Policy Statement PS15/15 [PDF]
Who does this Policy Statement affect?
All fee-payers will be affected by this PS.
Our fees rules are not directly of interest to consumers, although indirectly our fees are met by consumers.
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