MIFIDPRU Annual Disclosure

disclosures for the year ending 31st March 2024


The Investment Firms Prudential Regime (IFPR) came into effect on the 1st January 2022 as a new regime for UK firms authorised under the Markets in Financial Instruments Directive (MiFID).

The IFPR was implemented by the FCA as prudential regulation within the MIFIDPRU section of the FCA Handbook.

These disclosures set out the FS Wealth Management Ltd annual public disclosures as required under MIFIDPRU 8 for the year ending 31st March 2024.

Scope & application of disclosure

These disclosures relate to FS Wealth Management Ltd.

FS Wealth Management Ltd is an SNI MIFIDPRU investment firm, authorised and regulated by the FCA.

FS Wealth Management Ltd is required to disclose on an individual firm basis and these disclosures have been prepared in line with the requirements of MIFIDPRU 8.

These disclosures are published on at least an annual basis in line with the annual publication of the FS Wealth Management Ltd audited financial statements.

As an SNI MIFIDPRU firm under IFPR we are required to disclose the following remuneration information regarding our remuneration policy and practices under MIFIDPRU 8:

Remuneration Policy & Practices

1.Qualitative disclosures

  • Our approach to remuneration for all staff is by payment of a fixed salary.
  • We do not have individual financial incentives based on performance.
  • The firm only has one business area - investment management.
  • The firm has 2 Directors but no “material risk takers”.
  • Director remuneration is agreed formally at Board meetings.

2.Quantitative disclosures

  • The total amount of remuneration awarded to all staff is 100% fixed.
  • No financial incentives are in operation based on individual performance and we therefore confirm there are no conflicts of interest.

As an SNI MIFIDPRU investment firm we are required to disclose the total remuneration of all our staff split between fixed and variable remuneration for our performance year end which is also our financial year end.

For our year ending 31st March 2024 our total remuneration is split as follows:

Type of Remuneration

Amount £000s

Fixed Remuneration


Variable Remuneration


Total Remuneration