FSA urged to apply 'Ramsey Pricing' to IFA fees

A team of economists hired by AIFA to scrutinise the FSA's fees process claims the amounts currently paid by IFAs are "disproportionate" to their position in the industry. In the 20010/11 financial year, IFAs are due to pay about £70m in FSA fees while adviser firms in total will pay almost £130m, second only to banks and building societies. Firms have been receiving their FSA fees bills this week. In an article in this week's Professional Adviser, Tom Robinson, economist with RGL Forensics which undertook the work for AIFA, says the most "economically efficient" way for the FSA to re...