Advisers have described the Financial Conduct Authority’s (FCA) Covid-19 survey, probing firms about the impact of the pandemic on their businesses, as a “waste of time”.
The survey, sent to about 13,000 regulated firms in June, was designed to inform the FCA on the various markets it regulates amid the coronavirus crisis and will shape the direction of future policy. Informed Choice executive director and Chartered financial planner Nick Bamford said the 10-question survey was a waste of advisers' time and resources. "I could rewrite this in two questions - how much cash have you got and can you continue to deliver a service to your clients. End of story. I think it's a waste of time," he said. He questioned the necessity of the survey, given a lot...
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