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?
Greyfriars Asset Management,