FSA agrees menu averages are flawed

The FSA has agreed with Aifa that market averages on its menu system are flawed though it does not s...

The FSA has agreed with Aifa that market averages on its menu system are flawed though it does not see the need to recalculate them. Aifa referred the regulator’s pricing system to the Office of Fair Trading (OFT) last April as it felt that, with the figures being calculated using both advised and non-advised business, the averages were too low and would discourage competition. The OFT asked the FSA to investigate the claims and, while the regulator said there is evidence that providers included non-advised sales in their information returns, meaning the averages are too low, it said revi...