The FAMR gives advisers the perfect opportunity to make a stand against the crippling cost of regulation. Each and every one of us should respond, writes Tim Sargisson...
John Gummer - Lord Deben - was in fine form at the APFA Dinner this week. Thankfully beef burgers were off the menu (it was fish instead) but very much on the menu was the opportunity for Gummer to vent his frustration, on our behalf, over a selection of popular regulatory choices that made up the menu. For starters, Gummer got stuck into the effort needed for advisers to comply with the FCA's requirements and the fees we are charged by the regulator, with a rise in fees of 10% at a time when inflation is actually falling. Moving on to the main course, Gummer focused on the lack of...
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