Advisers face fee hike as FSA clamps down

Speaking at the Mortgage Expo in Earls Court, London, Dominic Clark, manager of the FSA's mortgage department, small firms division, said the FSA plans to increase its contact with firms through telephone surveys and visits as part of its 'enhanced strategy for smaller firms'. When asked if this would involve a higher fee for IFAs, Clark said it was likely "but not certain" this would be the case. “We have in place an enhanced strategy to ramp up the supervision of firms to ensure we have greater contact with a larger number of firms," he said. "We will be doing this through telephone su...