APFA seeks adviser help for 'cost of regulation' index

The trade body has launched a survey of the advice industry to establish a 'Cost of Regulation Index' for the sector. Indirect costs are a focus of the study, with APFA asking firms to estimate amounts spent on compliance and reporting, such as completing the Retail Mediation Activities Return. The results will be made available to Parliament, regulators and consumers, APFA said. Director-general Chris Hannant (pictured) said: "We know the total amount of direct fees that the sector pays relating to the FCA, FOS [Financial Ombudsman Service], FSCS [Financial Services Compensation S...