The Association of Professional Financial Advisers (APFA) is asking firms to fill out its annual survey to help monitor the cost of regulation imposed on the profession and hold the regulator to account.
Data from the survey will feed into the Cost of Regulation Index that the trade body compiles to monitor the cost of regulation. The need to have up-to-date information to hold the Financial Conduct Authority to account is all the more important following the Financial Advice Market Review, said APFA director general Chris Hannant. "Although the survey itself takes a very short time to complete, we appreciate that people will need to collect the information required for the survey. However, we strongly urge the industry to take part and help us continue to lobby for a better regulator...
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