FSA renews instalments scheme

The scheme, which was used by over 3,800 firms to pay the financial watchdog its regulatory fee last year, has an interest rate of 3.35pc or 2.85pc for trade association members this time around. Premium Credit Limited has again been selected as the preferred supplier by the FSA-chaired working group, and the director general of AIFA Chris Cummings said the scheme was a good example of trade bodies and the FSA working together. Graeme Ashley-Fenn, director of contact, revenue and information management for the FSA said: "I am delighted the FSA has again been able to negotiate very competi...