David Cameron's new coalition government should transfer the FSA's regulatory powers to the Bank of England, say advisers.
According to a survey of 294 IFAs by technology provider 1st Exchange, 76% think the Bank of England should take over the FSA's regulatory powers.
But with new business secretary Vince Cable - who has been opposed to the scrapping of the FSA - confirming the regulator will remain intact, advisers look set to be disappointed.
The Conservatives had previously set out plans to transfer the FSA's responsibilities to a new consumer protection agency and strengthen the Bank of England's powers in a shake-up of the New Labour tripartite system of regulation.
However, under plans unveiled by the Cameron-led coalition, the FSA will continue its role of overseeing financial institutions but a committee chaired by Bank governor Mervyn King will warn the regulator if it sees evidence of systematic risk.
The 1st Exchange survey also suggests advisers think the coalition's plans to scrap Labour's planned NI contributions for employers - a key dividing line in the run-up to the election - does not go far enough.
A total of 40% say scrapping the planned increase for both employers and employees should be the top priority for the new Cameron Government.
A quarter of advisers polled, meanwhile, gave their thumbs-up to the coalition's pledge to scrap the rule compelling the purchase of annuities at 75.
Meanwhile, 15% believe basic rate tax payers should be able to reclaim the 10% tax credit on pensions and ISAs, 12% say the Government should reverse caps on the higher rate pension relief.
Surprisingly only 4% felt capital gains tax rates should be left unchanged must be a priority. A rise in CGT for non business assets was announced yesterday as part of the details of the Lib-Con alliance.
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