FSCS fees overhaul 'very good' for advisers - AIFA

In a newsflash sent to its members, the trade body says last week’s FSA regulatory costs overhaul is “very good” for the vast majority of advisers. AIFA deputy director general Fay Goddard says the trade body has lobbied hard for FSCS reform and is pleased with the outcome. “The new model creates a fairer distribution of costs across all parts of the financial service industry and provides better levels of consumer protection,” she says. "Last year firms in fee-block A13, where most IFAs fall, paid around £1,290 per adviser to meet FSCS costs. Under the new structure, according to the F...