Who is going to come up with the €40 million a year that will be required to fund IFSRA? The Exchequer, the Consumer or the Product Providers/ Intermediaries?
As far as I know IFSRA is or is intented to be funded by the financial industry/institutions but I guess that these costs could easily filter through to the consumer.
WHy shouldn't they filter through to the consumer, O ? IFSRA is a consumer protection body; do you think that similar costs in the car industry, for example, don't flow through to consumers ? It seems entirely reasonable to me to expect they would in financial services too.
Apologies, O - I read your wording (that they could easily filter through) as suggesting you disapproved. I'd say it's a certainty, although it obviously has to be seen in the context of the overall downward pressure on financial services prices.
I think we better watch it or there could be an outbreak of courtesy on the site. I am afraid I will have to give you two a yello card and any more of this sort of behaviour and you are off.