Wheatley 'can't commit' to lowering fees for advisers

Speaking at the final public meeting of the Financial Services Authority (FSA) on Thursday, Wheatley would only say the regulator would assess its annual funding allocations as it does every year. It follows calls for declining adviser numbers to be reflected in lower FCA fees - notably by the Association of Professional Financial Advisers this week. Wheatley said: "The fact that some [advisers] have withdrawn from a particular industry is taken into account when we look at the allocation overall each year. This is a dynamic process, it's not something that is fixed. "Each year we ...