FSA fees 'poor value' for some IFAs - AIFA

The intermediary sector now accounts for almost one fifth of the overall funding requirement, despite posing no systemic risk, the trade body says. It argues this is "not proportionate" and is calling for an urgent and fundamental review of the Regulator's costs. "We hope that the planned review by the National Audit Office will form part of this process," says Andrew Strange, director of policy at AIFA. Particularly unfair is the hit being taken by firms with more than 26 advisers, it says. Under changes proposed today, those firms will be forced to absorb cost rises of 35% to emp...