This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.

FSA should discuss prudent spending with an adviser

  • Print
  • Comment

Editor’s comment of the week

Response to the FSA’s budget and fees announcement

I do not think any of us mind paying fees/levies/taxes if we feel they will be spent well and help protect consumers in a sensible manner but I just do not have any confidence that the FSA or FCA will achieve this.

I would suggest that Mr Sants and the FSA budget controller could do with meeting an IFA to discuss prudent spending within a budget and prioritising needs.

I really do fail to see how the FSA has managed to spend £500m and where it has added value. Increased costs to the industry in many cases lead to added costs for the end consumer. The FSA should bear in mind that increasing costs could put financial advice out of the reach of many which does not benefit anyone.

Craig Payne

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick


Do you see the value in adviser trade bodies?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments