What

Am I confused ? Has the FSA not been shut down? So why are they wasting money on new projects which may or may not continue under the new regime

Posted by: Brian

leave us alone won't you?

Adding the advisers IRN to these returns would allow us to use this information to improve our understanding of risks that might arise at an individual level and so better protect consumers,” says the FSA I protest. We report enough about what we are doing-already. The level f risk as measured by complaint levels about IFA's from consumers is tiny--the present l;evel of reporting is therefore good enough and does not need any more money spent on it. Leave us alone to get on with the job

Posted by: snooks

What 2?

Who is "the industry" then, in this case? It certainly can't be the Banks as that would be Turkey's voting for Christmas, and it can't be the big product providers, as they're very happy flogging bonds at 8% commission via that very conduit. So, it must be us, the IFA's, then? Hmmm. so, the most trusted and least complained about source of advice in the UK votes to have it's self put under yet more scrutiny whilst the Cut-throats and Pirates carry on regardless. Sounds about right. Talking of Christmas, when FSA Mk2 is launched in the guise of a new regulator that, well, isn't, really, at a cost of Millions and still headed up by "Sants-a-clause" on an even more ludicrous salary than he already is (no wonder he gave his bonus away), will we at least have a clean page followed by some REAL consultation between consumers, the regulator "the industry" and get some joined up thinking going on, instead these constant piecmeal changes? Er, no. Sorry. We won't. Unfortunately, it will be more of the same until "the industry" is found collectively exhausted, hanging from their office windows at the end of a noose of such staggering cost and complexity, that even the Christ himself would (again), be found nothing other than guilty.

Posted by: Polfers

What 3

Firstly - why would IFAs have to add the IRN to their returns? The FSA provide us with the IRN - so they know who works here?? (am I missing something here?) Secondly "The FSA says establishing systems to enable it to adopt its proposals would cost it in the region of £1.2m to £2.2m. But it says the cost to firms would not be great because most already hold the data it requires" Who pays for everything the FSA does via their fees? Of course it will cost us! This along with all the new stationery we will need to pay for when the newly named FSA is launched.....C'mon!

Posted by: anon

What 4

Another load of rubbish and more monitoring, look at bank advisers not honest IFa's who have their clients best interests at heart!

Posted by: Shane

Industry backs FSA to scrutinize individual IFAs

Tosh! The FSA is an organization in its death throws, trying to start countless expensive initiatives to justify its existence. The end result will be that we will all have to live on with its petty, illogical, ineffectual rules whilst the quangocrats go off to wreak havoc in their new jobs (same job, different title, bigger salary, more perks).

Posted by: Bill Wells