Articles - AIFA comments on FSA fees announcement

 he Association of Independent Financial Advisers (AIFA) responds to the announcement from the Financial Services Authority (FSA) on fee-raising arrangements and regulatory fees and levies.

 Andrew Strange, Director of Policy, AIFA, said:

 "The FSA's Annual Funding Requirement has now passed half a billion pounds for the first time. The impact of this on firms - and on the clients they serve - is clear to see. Whilst IFAs not holding client money will see a welcome reduction, the wider context of a regulator requiring greater accountability is only further underlined by the overall escalating budget.  

 "The proportion of costs allocated to the intermediary sector remains out of line with the threat posed to the regulatory system. We will continue to push the regulator to better apportion its costs to the industry and to make better use of risk indicators."

Back to Index

Similar News to this Story

The Pension Transfer Gold Standard
The Personal Finance Society (PFS) has seen more than 600 advice firms sign up to its Pension Transfer Gold Standard (PTGS) since it was announced i
Your insight into cost transparency
The benefits of widespread cost transparency implementation by pension schemes has been made clear in the Netherlands, where KAS BANK has been collect
Mobile Video Technology changes the game for home insurance
A couple I know were burgled before Easter. It was a professional job - the burglars left the bleach and cloths they used to wipe away their fingerpri

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS


Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.