Investment Business fees increased by 12.7%
In March 2023, we issued Consultation No.2 asking for feedback on proposed changes to our fee rates. In light of the feedback received, we are increasing the Investment Business (IB) fees by 12.7%, effective from May 2023.
Our Business Plan included an expectation of RPI plus 2%, however we reassessed our cost and financial position, and as the result the increase has been limited to the latest published RPI.
A summary of the feedback and responses are published on our website.
Annual fee invoices will be issued and made available on the myJFSC portal.