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An FCA spokesperson said: “We understand that the rising cost of living is having an impact on people across the country.
“Advisers unable to keep up with their fees should contact us and we will work with them.”
FTAdviser understands that if advisers are unable to pay their fees, the FCA will look at each case on an individual basis to make sure the right support is provided.
The regulator consults on the rate of fees each year to make sure everyone has an opportunity to provide their views.
It is understood that the FCA has taken into consideration responses to its consultation around the consumer duty.
sonia.rach@ft.com
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