FCA to cut fund manager and adviser levies

Savings made across the board

clock • 2 min read

The Financial Conduct Authority (FCA) has proposed cutting fund manager fees for the coming year to £56.8m, down from £60.4m for 2015/16.

Asset managers will now pay 11.8% of the FCA's £481.6m annual funding requirement (AFR), which comes after the regulator and its affiliated bodies made efficiency savings that will be passed on to ...

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