Hi,

I was wondering if anyone on here can help. I’m not sure if this is the correct place to post so if anyone could make any recommendations of anywhere else to ask this question then it would be greatly appreciated.

As a background, I am based out of the UK and have been working for an investment management firm that has become the investment manager for a superannuation scheme that is essentially funded through UK pension transfers. While at the firm, I was instrumental in establishing a JV with a UK based investment manager who has an FSA licence and as a result, they are now the official investment advisor to the superannuation scheme. My bosses had no prior relationship with this outfit, didn’t know they even existed and now the superannuation scheme and investment manager proudly claim that they are managed and advised by an FSA regulated firm. Considering that the client base is going to be from the UK I believe that the value of the FSA attachment is significant and without me they wouldn’t have any ties to a FSA regulated firm as I’m assuming that an overseas based firm would have absolutely no chance of obtaining this and that the costs of compliance would be significant anyway (lawyer fees etc).

The result now is that I’ve had a falling out with my bosses, they’ve cut me out of the business (for what it’s worth I’ve now found a much better opportunity) and I’m now trying to negotiate my exit pay. However, they’re trying to screw me out of it as it wasn’t in my original job description, however my role changed during my employment from business development to more of a portfolio management role, however my contract did not reflect this as we had been in the process of changing the contract when we fell out.

Therefore I would like to know, or get an idea of what people think the value of an FSA licence is to a business? I’m sure the costs of compliance / registration etc are high and given that we’re based outside of the UK but have a UK client base there’s no way we could even get an FSA licence.

What I want to do is get a ball park figure to go back to them and say look “I ayrranged the FSA licence tie up, I believe it’s worth XX and you should pay me XX”. The firm are also currency specialists and are doing the currency hedging for the fund. In addition, the fund that we set up to manage this pension money (a fund of funds) was established through my contacts and networks.

Any help I could get with this would be appreciated.