Advisers should to be allowed to claw back some of their FSA levy if they actively invest in consumer education of finance, according to a proposal being tabled to the FSA.
Speaking yesterday at the IFP Forum for Success in Hinckley, Leicestershire, Robert Reid, managing director of Syndaxi Financial Planning, told delegates - attending "The future of financial planning" panel session - he was in the process of writing of a paper to be submitted to the FSA, which recommends the financial advice and planning sector should be able to claw back or earn some form of levy relief for the following year, if firms can clearly show they have invested in the development of consumer education and used their position as advisers to try to teach children and adults about t...
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