
Premium Credit urges firms to spread FCA fees amid inflation uncertainty
This year's FCA invoices, covering the final stage of a multi-year increase in minimum regulatory fees, are being issued between July and September.

This year's FCA invoices, covering the final stage of a multi-year increase in minimum regulatory fees, are being issued between July and September.

Businesses that paid over £50,000 in FCA fees last year will get two invoices, with half usually due in April.

Nigel Stewart said: “Our payment solutions have been specifically designed to help regulated firms manage their cash flow more effectively."

The firm is offering businesses a finance facility to spread the cost of their fees over convenient monthly repayments rather than having to pay in one lump sum.

The alternative payment method is designed to give firms greater control over cash-flow, allowing their cash reserves to work more effectively in other business critical areas.

As mortgage brokers and lenders prepare to shell out their annual fees to the Financial Conduct Authority (FCA), Premium Credit is stepping in with a plan to alleviate some financial pressure.
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