Does Lord Turner think IFas pay too much? Are IFA fees far too high relative to the risk they pose to the system? Well IFAs would agree wholeheartedly. While his comments are most welcome the sentiment is a couple of decades late and we won't be expecting a reduction in IFAs any time soon, we have been bitterly disappointed many times over the years and still are.
The cost of regulation has increased out of all proportion to the actual detriment afflicted upon 'consumers', clients, and friends, as IFAs know them. The regulator may insist that all the 'reviews' were necessary but that doesn't make what actually happened right does it? Nor does it make up for the losses which turned into profit for many.
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