Financial advisers are abandoning next week's crucial RDR conference after being charged up to £300 to attend the event.
A number of IFAs said they are angry at being asked to pay hundreds of pounds "just to listen to the FSA telling me how to ruin my business", and point out the amount they already pay to the FSA in fees each year. The regulator said it has sold 280 of the 350 seats available for the 25 November event, which will lay out the FSA's final proposals for the future of the financial advice industry. It is charging large firms just under £300 to attend with a 50% discount for smaller companies. One and two-man band IFAs have been charged £146 including VAT. Directors and senior managers of banks...
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