IFA told to pay for RMAR mistake

John Riley, a director at Metcalf Moat, says his firm has been invoiced an additional £2038 in adviser fees because of an error on his firm's Retail Mediation Activities Return (RMAR), and which the FSA has told the firm it will not refund. The firm only realised it had overpaid its FSA fee when it received its invoice from the FSA last month charging it an additional £2038 in fees for an adviser who works for another intermediary. Riley claims dealings with FSA call centre staff have proved fruitless, with staff telling the firm the regulator will not re-issue a correct invoice nor re...