IFA paper suggests levy relief on consumer education

clock

Advisers should to be allowed to claw back some of their FSA levy if they actively invest in consumer education of finance, according to a proposal being tabled to the FSA.

Speaking yesterday at the IFP Forum for Success in Hinckley, Leicestershire, Robert Reid, managing director of Syndaxi Financial Planning, told delegates - attending "The future of financial planning" panel session - he was in the process of writing of a paper to be submitted to the FSA, which recommends the financial advice and planning sector should be able to claw back or earn some form of levy relief for the following year, if firms can clearly show they have invested in the development of consumer education and used their position as advisers to try to teach children and adults about t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Feel Good Friday: SJP Foundation raises more than £8m

Feel Good Friday: SJP Foundation raises more than £8m

Has directly supported 981 charities

Professional Adviser
clock 08 August 2025 • 1 min read
Advisers can help cut through the noise for overwhelmed clients

Advisers can help cut through the noise for overwhelmed clients

'In an era marked by information overload, advisers transform uncertainty into clarity'

Ahmed Bawa
clock 07 August 2025 • 4 min read
Native capture: Why it's non-negotiable for modern compliance teams

Native capture: Why it's non-negotiable for modern compliance teams

‘Regulatory reviews require not just the message, but the full story’

David Clee
clock 07 August 2025 • 4 min read