AIFA says FSA moving 'alarmingly close' to economic regulation

AIFA said it is concerned about the time and cost implications of the plans put forward by the FSA today, and questioned the need to collect the data. The regulator has proposed advisers disclose how many clients they have and how they are paying for the firm's services. It also said it will look to monitor complaints data for individual advisers throughout their careers. Andrew Strange, director of policy at AIFA, said: "An assessment of service based on price can be dressed up as ensuring value, but is simply price regulation. "The proposals also move the FSA alarmingly close ...