The Association of Independent Financial Advisers (AIFA) has welcomed the FSA’s commitment to increase transparency in its future cost allocation models.

This follows publication of the FSA’s latest Consultation Paper on ‘Regulatory fees and levies’.

Andrew Strange, policy director of AIFA, said: “We are also pleased to see FSA again acknowledge that risk-based cost allocation does hold merit. With initiatives such as the European Deposit Guarantees projects already requiring the regulator to consider risk based metrics