This chapter applies to a firm that:
is in one of the following activity groups listed in Part 1 of FEES 4 Annex 1A:
A.1 Deposit acceptors;
A.4 Insurers — life;
A.7 Portfolio managers excluding Class (1)A firms;
A.9 Managers and depositaries of investment funds, and operators of collective investment schemes or pension schemes; and
A.13 Advisors, arrangers, dealers or brokers.
The Secretary of State’s2 pensions guidance costs are defined in subsection 10 of section 333R (Funding of the Secretary of State’s2 pensions guidance costs) of the Act as the expenses incurred, or expected to be incurred, by the Secretary of State2:
in meeting the expenses of designated guidance providers incurred in connection with the giving of the guidance (whether by means of the power conferred by section 333D (Financial assistance to bodies involved in giving pensions guidance) of the Act or otherwise);
in providing services to designated guidance providers to support them in giving the guidance;
in increasing awareness of the availability of the guidance;
in undertaking or commissioning research relating to the availability of the guidance; and
Section 333R(2) requires the FCA to make rules requiring authorised persons to pay amounts, or amounts calculated in a specified way, to the FCA with a view to recovering the amounts notified by the Secretary of State2.
Under subsection 3 such amounts may include a component to cover the expenses of the FCA in collecting the payments.