FIN. TeamThe FCA has published its new webpage on its fee rate movement for 2023/24. The new webpage contains a table which explains the changes in fee rates since last year.
The FCA notes that its AFR has increased in 2023/24 by 8.1%. The adjustments in fee rate movements for each fee block largely correspond to this percentage increase (adjusted for other factors) and the change in total tariff data reported by firms.
Actual fees charged to firms are based on the volume of business the firm has reported (the firm’s tariff data). Therefore, if a firm reports a significant change in its tariff data, it will also impact its actual fees charged.
