Hunt review does not go far enough - AIFA

Chris Cummings, director general of AIFA, also says the new recommendations will come at a cost and any additional fees paid should be subject to a full cost benefit analysis. Commenting on the review, AIFA welcomed the recommendation that the Small First Taskforce at the FOS should do more to support work with small businesses and understand their needs. However, some recommendations for small firms fell short of AIFA’s expectations. “We believe that Lord Hunt should have accepted our calls for the introduction of oral hearings,” says Cummings. “The lesser step of a pilot of facilitate...