Calls for dividend for 'low risk' adviser firms gather pace

AIFA policy director Andrew Strange says the regulator should introduce a "dashboard" of measures, including fewer FSA visits or lower fees, for low-risk firms. He says the Association will make the proposal a key part of its response to the Retail Distribution Review (RDR) feedback statement published on 25 November. The FSA turned down calls for a regulatory dividend, which it admits came from a large number of advisers as well as trade and professional bodies, arguing it already adopts a risk-based approach to supervision. "Firms that pose a risk to our statutory objectives receive m...