View more on these topics

Website Comments

FSA staff being paid £20m in bonuses

The FSA bonus payments are paid on the basis of revenue inward, predominantly fines levied. On this basis, the FSA have done very well indeed, hence the payments. In every other respect, the FSA has failed miserably.

Mike Yeatman

Further bonuses must surely be awarded for continuing to undermine the independent sector, especially when regulations favour the banks and confuse the public.

Douglas Carroll

FSCS fees

Under the current system, if every other firm of IFAs in the country went bust and my firm was the only one remaining, we would fund the whole of the FSCS levy. This is ridiculous. Why can there not be a levy on every policy/contract/ investment sold or bought. It is also scandalous that the FSA should be using our money to pay £20m in staff bonuses.

Bob Perry

I find it offensive that our small IFA business has to pay additional levies for a business that failed which has absolutely no relationship to us at all. It is like an electrician failing in Northumberland but a plumber in Cornwall has to pay for his faults. Absolute madness.

Ken Bannister



News and expert analysis straight to your inbox

Sign up


    Leave a comment