Image:
Meanwhile, Philip J Milton Chartered financial planner Felix Milton said he finds the FOI worrying for two reasons.
One fifth more advice firms gave up their FCA authorised status in the year leading up to June 2020 than the year before, a freedom of information (FOI) request submitted by Professional Adviser has found.
The FOI, submitted to the Financial Conduct Authority (FCA), found that in the 12 months leading up to June 2020, 252 advice firms gave up their authorised status. However, that number was 210 in t...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes.
