AIFA and AMI demand fairer spread of regulatory costs

In its response to the FSA's fee proposals, the trade bodies say this may mean charging other sectors more. However, they believe this is appropriate given the impact these groups have had on the wider economy. AIFA and AMI have called specifically for the FSA to: Refocus costs onto the higher risk sectors where more intrusive regulation is needed - and not ask the intermediary community to pay more Maintain exclusion for the smallest IFA firms from fee increases Invite the National Audit Office (NAO) to review the FSA budgetary process and conduct a regular value for money assessmen...