IFA comments: FSA should treat us fairly

Professional Adviser
clock

Last week's revelation of an IFA firm's difficulties with the Financial Services Authority, caused by a mistakenly-filed RMAR, provoked a flurry of reader responses.

These are a flavour of the comments we can publish. One IFA who has asked to remain anonymous says: "It is interesting that, if the FSA were not a tool of the government but a limited company, should it not be bound by the TCF rules? If it's a genuine mistake then the FSA should have no problem paying the money back. "If the FSA were a limited company then they would be, in effect, a service provider and like IFAs they would have to consider their clients, who include the advisory community and treat their customers fairly, rather than waste time and our money on dotting the I's and cros...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

The 'quick way' to lose your clients' trust

The 'quick way' to lose your clients' trust

Clients are disengaging rather than firing their advisers, conference hears

Sahar Nazir
clock 09 May 2025 • 2 min read
Women in Financial Advice Awards 2025: Nominations close today!

Women in Financial Advice Awards 2025: Nominations close today!

Awards to be held on 12 November in London

Professional Adviser
clock 09 May 2025 • 1 min read
Younger clients demand sustainability 'impact not labels'

Younger clients demand sustainability 'impact not labels'

Investment industry criticised on ‘terrible job’ of appealing to fresh audiences

Sahar Nazir
clock 08 May 2025 • 2 min read