In light of the FSA's proposed regulatory fee increases for IFAs, do you think that advisers should have more input with the regulator on rules affecting their business? Should they be represented on the board?
Andy Milburn, Munich Re UK Life This is a complicated issue when you consider how this idea could be implemented if you were in agreement with it. The FSA do not just regulate IFAs. They regulate reinsurers, insurers, banks, IFAs, direct distributors and investment houses just to name a few. Many of those organisations make some sort of contribution too. Do we need someone represented from all of those areas of the industry? You cannot just have one represented without the others surely? This is similar in some ways to the supporters of a football club wanting a ‘fans representative’ on...
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