The Financial Conduct Authority (FCA) has proposed to raise the levy it collects from advisers by 4.7% to £77.1m for the coming year.
In a consultation out on 18 April the regulator proposed to collect £3.4m more from advisory firms to cover its running cost than last year when it raised £73.7m. However, it estimated there would be 2.9% more advisory firms operating in the market this year - 9,779 in total - which would lead to a 3.7% reduction in rates paid by individual firms. The fees are based on an estimated tariff of £29.2bn and follow a rebate of £4.4m, or 5.7%, from last year. The FCA also proposed to raise the...
British Friendly has become the first insurer to complete the new Disability Confidence & Awareness training by Disability Rights UK (DRUK).
Old Mutual Wealth will help people meet the escalating cost of funerals by advancing payment of the sum assured up to £10,000 across several products including its Protect range.
Defaqto has released a guide for advisers, sponsored by Aegon, which provides information on business and personal protection for small business owners.
Fiona Murphy meets Tim Stoves, managing director of Canada Life Group Insurance.