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

TPR Year 2 Update on Corporate Plan 2024 to 2027
The Pensions Regulator (TPR) publishes latest Corporate Plan and Annual Report and Accounts. Driving up trusteeship standards, delivering value for sa
Will the State Pension ever be means tested
The United Kingdom’s state pension system is under mounting pressure, with demographic trends and fiscal realities threatening its sustainability. A
Customer data linking in the fight against fraud
The Insurance Fraud Bureau (IFB) recently reported it had seen a 50% rise in ghost broking in the past two years . While this is just one type of insu

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

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