Green (regulatory) Fees

Green Financial has to pay a levy each year to help fund the UK regulator and a consumer facing money website and helpline.


The Financial Services Authority, the regulatory body that oversees Green Financial Advice, has proposed to raise annual costs by 15.6% from £500.5m for 2011/12 to £578.4m for 2012/13.

This follows a 10 per cent increase last year.

The consumer facing Money Advice Service for 2012/13 budget has almost doubled from £43.7m for 2011/12 to £86.8m in 2012/13.

I will be standing on Putney High Street rattling a collection tin. All donations gratefully received
 
Green Financial also pay into a fund called the FSCS. Advisers are facing a Financial Services Compensation Scheme annual levy of £33m for 2012/13.


The investment intermediation sub-class [catchy name huh, I'm so delighted to be a sub-class] faces an annual FSCS levy of £33m

The levy relates to compensation clains for Keydata, Wills and Co and Arch cru [none of which I was involved in, in any way]. However the levy does not include likely compensation claims for MF Global [which again, I was not involved in]. Advisers could face a further interim levy of £40m before the end of March in relation to MF Global claims.

Continues to rattle tin on high street.