Royal Bank of Scotland's (RBS) advice arm and M&G have joined AIFA as associate members.
The FSA says proposals to collect extra sales data from advice firms are not part of wider plans to effectively control how much they charge for their services.
The FSA is moving "alarmingly close to economic regulation" with its latest proposals on data collection, AIFA said.
It seems somehow fitting the Association of IFAs (AIFA) is conducting a root and branch review at the same time as members are mulling their own futures in the run-up to RDR and beyond.
AIFA has expressed concern over the FSA's new Money Advice Service, saying it is likely to confuse consumers.
The AMI and AIFA director kicks off his series of key regulatory blogs
AIFA director Robert Sinclair has raised concerns about simplified advice, suggesting it could lead the industry into some ‘very strange places'post-RDR.
AIFA director general Stephen Gay has hit back in a row over the resignation of a former member of the organisation's RDR Working Group.
AIFA is calling on the FSCS to consult with the industry on exactly how it will rebate levypayers with money repaid to it by Norwich & Peterborough (N&P).