The Financial Conduct Authority (FCA) will probe financial advisers on the impact of Covid-19 on their businesses and where the greatest impacts are for consumers, according to B-Compliant.
The results will be used to inform the regulator on the market amid the coronavirus crisis, and will shape the direction of future policy. Some 13,000 regulated firms from 15 portfolios, including advisers and wealth managers, will be issued with the ‘financial resilience' survey, which will arrive via email. The first batch of emails containing the link to the survey will be issued on 4 June for a response by 12 June, and a second batch will be issued on 8 June for a response by 16 June. The survey will consist of 10 questions and is expected to take no longer than one hour to c...
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