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

Octopus Money: Why a Seccl-backed platform integration is for us

Octopus Money: Why a Seccl-backed platform integration is for us

'Technology and compliance acts as an anchor in the industry'

Sahar Nazir
clock 18 April 2024 • 1 min read
AJ Bell platform hits £80.3bn AUA as advised customers increase

AJ Bell platform hits £80.3bn AUA as advised customers increase

The firm recorded total advised customers of 165,000

Cristian Angeloni
clock 18 April 2024 • 2 min read
Women in Financial Advice Awards 2024: Two weeks to nominate!

Women in Financial Advice Awards 2024: Two weeks to nominate!

Awards ceremony on 6 November at London’s Marriott Grosvenor Square

Professional Adviser
clock 18 April 2024 • 1 min read