Just 12% of those surveyed have increased their rates, while 2% have decreased them. The average charge per hour is £156.
Just under half, 49%, of advisers charge between £101 and £150 per hour, while 15% charge £51-£100. Just over a quarter charge £151 – £200 and just 8% charge between £201 – £250.
Chris Hannant, director general at APFA, said: “We are pressing the FCA hard on disproportionately high regulatory fees and we will track this averafe rate figure to ensure other financial pressures, such as regulatory fees, aren’t resulting in increased charges for clients.”
Find out about the advisers found to be flouting the rules of RDR in the first review since the recommendations came into force here.
