Aifa does not see lower FSA fees

David Severn, Aifa director general, says in a statement that IFAs face increases of up to 50% on their levy contributions, excluding the cost of dealing with the fallout from the split capital investment trust scandal. The FSA states that: “overall the majority of FSA fees for all firms are either reduced or have remained the same as those contained in the January 2005 Consultation Paper” ”This is due to the FSA’s funding requirements for 2005/6 being £6.6m less than originally forecast. Additionally in some fee blocks the distribution of enforcement fines will reduce fees further.” ...