The Association of Professional Financial Advisers (APFA) has asked for the regulator's budget to be frozen for three years, so it can provide a cut in real terms.
In a letter to the watchdog, sent today, the trade body demanded more commitment from the regulator than just a promise that it would provide value for money. APFA director general Chris Hannant (pictured) asked for a freezing of the FCA's budget for at least three years to provide a cut in real terms. He wrote:"As stated in our response to the consultation paper on FCA's fees, we believe the FCA should make a more substantive commitment than that contained in the consultation paper (that it will improve the value for money of the services it provides to stakeholders). "We would t...
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