IFAs may get voluntary disaster self-assessment

An FSA spokesman has confirmed the regulator is looking at how to develop such an option for the SME (small to medium sized enterprise) sector following on from the recent exercise conducted by the so-called Tripartite Authority, which involved some 60 of the biggest providers. That exercise resulted in some benchmarking figures that should help individual companies better prepare for disasters, while the sector overall is deemed better prepared than it was a year ago. It is very much the case that “almost all” the firms participating in the exercise have found additional weaknesses in ...