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Cap Ad rules

I could not agree more with these comments. This is exactly the situation for my company and we have invested in good quality staff who are all qualified including admin. We pay for a first class back office system, advisers are salary based and we have outside compliance consultants. Over 50% of our income comes from renewals. Everything we have done over the last 4 years has been towards TCF yet the FSA want to penalise us for doing so. Obviously the FSA do not have to adhere to TCF!!!!! They do not understand small IFA business's and more importantly they do not seem to want to!

Posted by: John Lowe

05 Feb 2010 | 12:07
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Capital adequacy rules ‘punish' pro-RDR firms - IFP

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