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Financial Services: Advisory Services

Volume 458: debated on Monday 19 March 2007

To ask the Chancellor of the Exchequer what assessment he has made of the appropriateness of the registration fees of small to medium-sized independent financial advice practices; what representations he has made to the Financial Services Authority regarding those fees; and if he will make a statement. (127525)

The Financial Services Authority (FSA) is operationally independent of Government including in relation to the setting of fees. The FSA consults annually on its proposed regulatory fees and levies. The FSA consultation for 2007-08 was published in February and is available at:

http://www.fsa.gov.uk/Pages/Library/Policy/CP/2007/07_03.shtml