Data collection: FSA to calculate firms' 'typical' consultancy charge

In a consultation paper (CP11/08) released this morning, the regulator set out its proposed methods of collecting data on adviser charging in all areas of the market. It plans to closely monitor consultancy charging, the GPP equivalent of adviser charging in the individual personal pensions market, and asks firms to provide information about charging every six months. In the CP, the FSA proposes gathering information about firms' highest, lowest and typical consultancy charges agreed with employers, in order to ensure charges are "reasonable" and not "out of line with the market". ...