Aifa will not lobby FSA over excess fees

The comments come after an IFAonline report revealed the FSA has used excess intermediary fees to plug its pension fund deficit. Over 500 people have so far voted in our online survey on what the FSA should do with its excess income, and an overwhelming 72% of respondents believe the excess money should be used to reduce intermediary fees. A further 20% say the FSA should give the money back to intermediaries, while almost 8% say the regulator should be allowed to use the money as it likes. Have your say and take part in the IFAonline poll Tracey Mullins, head of public affairs...