The Financial Reporting Council (FRC) is aiming to raise £1m from its voluntary levy on pension schemes for the 2020/21 financial year, according to its draft annual budget.
The audit industry watchdog's total budget for the year will be £47.2m, up from £41.7m in 2019/20 as it prepares to transition to a new regulator. The £1m total pension levy in the draft budget ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
