SimplyBiz calls for small firm 'regulatory dividend'

SimplyBiz has called on the Financial Conduct Authority to introduce the sort of ‘regulatory dividend’ which has been the subject of lobbying since the RDR, for the majority of small and medium-sized advisers worst hit by recent levy hikes.

In its response to the regulator’s fees proposals for this financial year, SimplyBiz noted previous work related to the Treating Customers Fairly initiative found only limited non-compliance and no systemic issues after visits to virtually every directly regulated SME advice firm.

 

Read the full article of FTadviser.

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