FSA Fees To Attack Income - Advisers United

31/10/2011 - FSA Fees To Attack Income

FSA Fees To Attack Income.

The Financial Services Authority (FSA) has published a consultation paper on regulatory fees and levies for 2012/13. It is proposing changing the fee tariff for certain fee blocks, from the number of authorised persons per firm to the level of income generated by the firm.

According to Aifa director general Stephen Gay, income based fees can run the risk of decreasing efficiency and productivity in the profession and will punish those firms that have built successful, profitable businesses.

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