Action group to challenge FSA fee rise

The Regulatory Fees Strategy Group, formed jointly by the Association of IFAs (AIFA) and the Association of Mortgage Intermediaries (AMI), will spearhead a campaign to have the proposals revised and FSA budgeting process overseen by the National Audit Office. Members of AIFA and AMI are invited to join the group, which director general Chris Cummings says will be the "first in a series" of responses to the FSA's paper. A consultation on fees and levies for the FSA, FSCS and FOS - part of the regulator's Business Plan for 2009/10 - suggests upping fees for all but the smallest businesses...