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What would the FSA make of surveyor&#39s fees?

Money Marketing (May 13) highlights the case of an IFA who has been told that his fees are too high at £150 an hour.

By coincidence, I have just had my house valued for insurance purposes by a Midlands-based chartered surveyor. My wife tells me he spent no more than 20 minutes at my house and I have received a one-and-a-half page letter of which eight sentences are specific to this property.

The bill? £150 plus VAT.

Given the level of responsibility involved, I do not think this is necessarily excessive but I wonder what the FSA would make of it?

Chris Gladman

Greyfriars Asset Management,

Fleckney, Leicester


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Mortgage brokers say they do not expect that B&B&#39s move will have much impact on the level of business at subsidiary Mortgage Express. Hamptons broker Jonathan Cornell says Mortgage Express is obviously still a core part of B&B and he expects it to be “business as usual”. Cornell describes the lender as “excellent, with fantastic […]

Who cares wins

The extension of FSA regulation to the general (including health) insurance and mortgage sectors is set to change the shape of the financial services market which means it is a good time to look at the opportunities this presents and assess how IFAs and insurers can work together for a brighter future. The current upheaval […]

Pru chief Bloomer sets out 401(k) plan to MPs

Prudential chief executive Jonathan Bloomer has submitted plans for an American-style 401(k) savings product to the Treasury select committee in a bid to encourage more people to save for retirement. Speaking at a committee meeting this week, which was also attended by Aviva chief executive Richard Harvey, Legal & General chief executive David Prosser and […]

&#39Third of advisers will be wiped out by EU&#39

A third of adviser firms will be forced to close in January next year because of professional indemnity requirements imposed by the European Union. IFA Thomson&#39s Group chief executive Douglas Gardner, a member of the FSA&#39s practitioner panel, speaking at the London Professionals dinner last week, said he believes that the combined imp-act of impending […]


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