On 16 July 2021, the FCA provided an update on Policy Statement 21/7: FCA regulated fees and levies 2021/22.
The update reads:
“We published an updated version of PS21/7 with an amended fees and levies rates instrument in Appendix 1. Under FEES 7A Annex 3R the amended instrument correctly states the 2021/22 levy rate for the Money and Pensions Service (MaPS) pensions guidance levy (PGL) for the A.4 insurers life fee-block as £37.80. The original instrument incorrectly stated £17.01. The same error occurred under FEES 7C Annex 3R covering the MaPS PGL for the temporary permissions regime. MaPS is referred to in the fees rules as the Single Financial Guidance Board (SFGB).”