Advisers/arrangers not holding client money: split of life and pensions and investments
2008/09 FSCS levy examples for advisers/arrangers that do NOT hold client money and/or assets (FSA fee-block A.13) conducting a 60:40 split of life and pensions and investment intermediary business (sub-class SC02 and SD02).
| Tariff metric: Number of Approved Persons: 1 (SC02 - 0.60/SD02 - 0.40) | |||||||
|---|---|---|---|---|---|---|---|
| 2007/08 | 2007/08 Re-invoice/ (Credit) |
2008/09 | Net total | Change | |||
| Levy | 1,284.37 | (721.43) | 791.36 | 69.93 | -94.6% | ||
| Tariff metric: Number of Approved Persons: 8 (SC02 - 4.8/SD02 - 3.2) | |||||||
|---|---|---|---|---|---|---|---|
| 2007/08 | 2007/08 Re-invoice/ (Credit) |
2008/09 | Net total | Change | |||
| Levy | 10,180.85 | (5,771.38) | 6,227.08 | 455.70 | -95.5% | ||
Notes
1) Under the new FSCS funding arrangements, your firm's compensation costs will be calculated using the number of approved persons you have registered with controlled function CF30 (excluding corporate finance advisers and investment managers) according to the data held on the FSA register as at 31 December 2007.
2) SC02 definition: life and pensions intermediation.
3) SD02 definition: investment intermediation.
4) Firms who were liable for PIA pensions review compensation costs levy (fee-block A.16) will benefit from a share of the A.16 'clean break' balance.