The hourly cost to clients of FSA regulation? £20

Sam Caunt, partner at Northampton-based IFA Kingston PTM, says at least £20 of his company’s average £150 per hour rate is due to FSA regulation and to plan for and cost in the RDR and capital adequacy proposals. The cost is broken down into FSA and FSCS fees, provision for new capital adequacy rules and preparing for and implementing the RDR. Caunt, who describes his four-adviser business as a “small town, medium client IFA”, says while some of the FSA costs are “more than reasonable”, they are difficult to justify to the end client. “Just look at it from our client’s point of vie...