AIFA demands regular FSA inspections

Chris Cummings, director general of the IFA body, said greater scrutiny would increase the focus of the regulator on delivering targets. His comments follow the publication yesterday of a NAO report which, while mainly positive, said the FSA could do more to measure the costs of its various activities. Cummings said: “The NAO report rightly identifies that the FSA needs to increase its focus on demonstrating outcomes for consumers and markets. We believe that NAO scrutiny should happen on a bi-annual basis. “The FSA has said that the move towards a principles based regime will cost an ...