The FSA has refused to commit to a timescale for consulting on reforming the Financial Services Compensation Scheme despite huge adviser anger over the latest £93m interim levy.
It was expected to publish a consultation paper in November but is now waiting for the new regulatory structure to be finalised.
Levies for 2011/12 will be published this week and the consultation process will need to complete this year for reform to affect the 2012/13 levies.
An FSA spokeswoman says: “We cannot move to consultation stage on the FSCS funding review until we have clarity about the new regulatory landscape.”
Lansons public affairs and regulatory consulting director Richard Hobbs says: “There will not be a review until after the legislation about the new regulatory structure has been agreed and I think that is some years away yet.”
SimplyBiz chairman Ken Davy has called on the FSA to introduce a product levy instead. Over 300 advisers have signed a petition at www.fscslevyactiongroup.co.uk.