After listening to the views of small firms at roadshows throughout the country, the FCA has announced that it has reduced its proposed consumer credit application fees for small firms. This has been published in a supplement to their fees Consultation Paper. Click here to access the supplement.
The FCA noted the potential for significant negative impact on businesses. As a result, they are proposing that small firms will pay no more than £1,000 in application fees, and those in the less complex categories will pay less.
They have also delayed the deadline to receive responses to question 1 (the supplement) of the consultation paper CP 13_14 until 16th January 2014. The deadline for the other questions is still 6th January.
Anyone who has already responded to the fees Consultation Paper may wish to reconsider their feedback to question one and send a new response by 16th January 2014.
New Ad-hoc Suitability Review Template
Doug McFarlane Suitability 2022, content management, Mortgage, Pension, Periodic Review, platform, Power of Attorney, Suitability Review, Switch, transfer, Update
We have completed the latest upgrade to ATEB Suitability on 10th November 2022. This update comes at no additional cost and provides various template related enhancements as well as a brand new template designed to assist firms in producing fast and compliant ‘ad-hoc business’ reports/letters outside of annual review. Full details of the enhancements can […]