We have been advised by the FCA as follows:
“Following our recent revalorisation of the application fees earlier this year, on 24 January we advised that we would be introducing a new charge of £250 for standalone long Form A applications both for Senior Manager Functions and Controlled Function for Appointed Representatives.
We consulted on this new charge in November 2020 as part of CP20/22 and reconfirmed our intention to introduce the fee in a Policy Statement PS22/1.
We are now in a position to update you to confirm the new charge will take effect on 27 May 2022.
For more information please refer to the Handbook Notice.”
Positive Compliance: Episode Two
Steve Bailey Compliance FCA, Pension, PI, Switch, Xplan
This is the second in our series of Positive Compliance news articles and focusses on the important topic of Pension Switching. Find out more by reading the full article.