However, despite heavily criticising split-cap investment trusts, in it suddenly abandoned its investigation. Statements consisting only of original research should be removed. The author did point this out in correspondence but received a completely incoherent reply from the Treasury. The report for — contained the defective original draft. The FSA was criticised by some within the IFA community for increasing fees charged to firms and for the perceived retroactive application of current standards to historic business practices. This article’s Criticism or Controversy section may compromise the article’s neutral point of view of the subject.