Keith Richards: Relaxing cap ad rules amid pandemic could leave firms vulnerable in the long run

Announced yesterday

Sophie King
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Keith Richards: We will share any updates we receive from government and the regulator that can assist our members to meet regulatory requirements and deliver the service agreed with clients while trying to delay the spread of the coronavirus.”
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Keith Richards: We will share any updates we receive from government and the regulator that can assist our members to meet regulatory requirements and deliver the service agreed with clients while trying to delay the spread of the coronavirus.”

Personal Finance Society (PFS) chief executive Keith Richards has said a relaxation on capital adequacy (cap ad) rules amid the coronavirus outbreak could leave firms more vulnerable to unforeseen financial impact in the future.

In a column for Professional Adviser published this morning (18 March), Smith & Pinching Chartered financial planner and director Carl Lamb said the regulator could help the sector amid the Covid-19 pandemic...

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