Where does this leave adviser firms footing between 20 per cent to 30 per cent of the potentially rising bill? Well it leaves them having to increase fees to existing clients to help pay for the increased FCA levy. It sets up a dangerous cycle which pushes access to independent financial advice further away from the many and in the direction of the fewer that can still afford it.
Natanje Holt is managing director of Dunstan Thomas
Article continues after advert
Page 2 of 2
