Regulatory fees 'highest single cost' to IFAs

As part of its Better Regulation Action Plan (Brap) progress report, the FSA has published a Cost of Regulation study by Deloitte examining the incremental costs of complying with individual FSA rules for firms in the investment and pension advice sector, corporate finance and institutional fund management. Brap was announced in December 2005 to assess whether financial services regulation is proportionate, taking into account the costs and benefits of regulatory action. The report states: “Across all three of the sectors in the Cost of Regulation study the highest single cost identifie...