FSA rolls out fee paying instalment plan

The Financial Services Authority (FSA) has reassured brokers it would not be making any profit from the broking community with its new fee-paying instalment plan.

A spokeswoman from the FSA stated the regulator would not receive any extra money from the scheme it set up in response to industry requests. She said: "The FSA is definitely not receiving any extra money from this instalment plan. However, we are pleased with the response that we have had so far, with around 1,750 small firms alrea