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Is the FCA levy fair on brokers

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Is the FCA levy fair on brokers

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On 1st July, the Financial Conduct Authority confirmed its levy for the coming year as just over £432m.

The mortgage advice industry is expected to contribute £15.2m. For those who also advise on insurance and protection, the bill will be more.

The levy is used to pay for services such as the Financial Ombudsman and the Money Advice Service, as well as the regulator – crucial organisations at a time when the industry is lacking consumer trust. But is it fair?

See the full commentary here at Mortgage Solutions

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