FSA should lower fees for 'professional' firms - AIFA

In its RDR summary response published today, AIFA urges the regulator to provide an incentive to recognise those firms striving to “maintain the highest standards”. “Being a good corporate citizen costs money. We are therefore recommending that as firms invest in their businesses, they should attract regulatory dividends,” it says. AIFA will make its final report to the FSA on Thursday, 11 days ahead of the 31 December deadline, and urges IFAs to submit their own RDR response in support of the trade body’s views. Chris Cummings, AIFA director general, says the RDR reform should be bas...