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The FSA is proposing advice firms contribute 2% less to the regulator's funding next year, a cut of £53 per adviser.
The levy for the A13 adviser class is proposed at £39.7m, down from £40.6m.
This is despite the overall funding requirement soaring by 10.1% to £500.5m, up from £454.7m in 2010/11.
The FSA says enforcement fines it imposed during the previous year have been returned to the industry as discounts to their fees, meaning in total firms will pay 2% less than last year.
Proposed changes to the FSCS levy would see it fall by a third from £851.4m last year to £576.7m for 2011/12, shaving off £274.7m or 32.3%.
In today's consultation paper on FSA fees and levies, the regulator says if adopted, its proposals will mean the industry as a whole will pay broadly 17.7% less than 2010/11.
This takes into account the compensation costs that the FSCS is likely to include as part of its levy, it says.
However the FSA are proposing to increase the cost of funding the Consumer Financial Education Body (CFEB) from £102.10 to £136.06 per person.
This is a propsed total rise of about a third from £32.9m to £43.7m, an increase of 32.8%.
The FSA also says the total cost of implementing regulatory reform is yet to be calculated.
A Treasury consultation document issued in July 2010 made an initial estimate of £50m and work is under way to quantify this more precisely.
In 2011/12, the FSA believes the direct costs will be £10.9m. The regulator also says it estimates that there will be substantial indirect costs as staff reschedule other work to create the capacity needed to implement the changes.
Paul Edmondson of law firm CMS Cameron McKenna says firms will remain concerned at the hidden cost of adjusting to twin peak regulation.
"Also, in this brave new world relatively blameless insurance firms will be faced with the double whammy of twin fees and twin regulators - an over-egged pudding if ever there was one,"
The gross minimum fee for firms will remain unchanged from last year but the enforcement fines discount will mean the net minimum fee will be 9.4% less than last year, the FSA says.
It adds 43% of FSA authorised firms will only pay the minimum fee.
Some of the proposals in today's paper require industry feedback by 28 February, others by 11 March and some by 1 April. It is indicated in the paper which deadlines apply to which proposals.
The levy for the A13 adviser class is proposed at £39.7m, down from £40.6m.
This is despite the overall funding requirement soaring by 10.1% to £500.5m, up from £454.7m in 2010/11.
The FSA says enforcement fines it imposed during the previous year have been returned to the industry as discounts to their fees, meaning in total firms will pay 2% less than last year.
Proposed changes to the FSCS levy would see it fall by a third from £851.4m last year to £576.7m for 2011/12, shaving off £274.7m or 32.3%.
In today's consultation paper on FSA fees and levies, the regulator says if adopted, its proposals will mean the industry as a whole will pay broadly 17.7% less than 2010/11.
This takes into account the compensation costs that the FSCS is likely to include as part of its levy, it says.
However the FSA are proposing to increase the cost of funding the Consumer Financial Education Body (CFEB) from £102.10 to £136.06 per person.
This is a propsed total rise of about a third from £32.9m to £43.7m, an increase of 32.8%.
The FSA also says the total cost of implementing regulatory reform is yet to be calculated.
A Treasury consultation document issued in July 2010 made an initial estimate of £50m and work is under way to quantify this more precisely.
In 2011/12, the FSA believes the direct costs will be £10.9m. The regulator also says it estimates that there will be substantial indirect costs as staff reschedule other work to create the capacity needed to implement the changes.
Paul Edmondson of law firm CMS Cameron McKenna says firms will remain concerned at the hidden cost of adjusting to twin peak regulation.
"Also, in this brave new world relatively blameless insurance firms will be faced with the double whammy of twin fees and twin regulators - an over-egged pudding if ever there was one,"
The gross minimum fee for firms will remain unchanged from last year but the enforcement fines discount will mean the net minimum fee will be 9.4% less than last year, the FSA says.
It adds 43% of FSA authorised firms will only pay the minimum fee.
Some of the proposals in today's paper require industry feedback by 28 February, others by 11 March and some by 1 April. It is indicated in the paper which deadlines apply to which proposals.
