FSCS urged to preserve Lifemark value to reimburse IFA levies | News | Money Marketing
Ah, yes IFA levies.
Dear Mr Ford, the FSA said this last week:
"A firm which had been given permission by the FSA to advise on, act as agent for, arrange deals in and manage investments would be allocated to the ‘Class D Investment’ fee block which contains both fund management (sub-class D1) and investment intermediation (sub-class D2). Such a firm’s FSCS levy would be based on the amount of tariff data they reported for each relevant sub-class and not a proportional split between these sub-classes.
You should be aware that specific information the FSA receives from, or about, regulated firms or individuals, where this is not in the public domain, is likely to be prohibited from disclosure under section 348 of the Financial Services and Markets Act 2000. This is because it would be confidential information received for the purposes of carrying out our regulatory functions and supervision of those firms and individuals. Such information is therefore likely to be exempt by virtue of section 44 (Prohibitions on disclosure) of the Freedom of Information Act 2000."
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Can you tell us Mr Ford? Or can you give the FSA permission to disclose?
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