More than 500 adviser firms contact FCA with Covid-19 queries

Not including survey

Hannah Godfrey
clock • 1 min read

A total of 517 different adviser firms contacted the Financial Conduct Authority (FCA) between 1 March and 18 June 2020 regarding Covid-19, a freedom of information request submitted by Professional Adviser has revealed.

The advisers got in touch with the regulator for a variety of reasons, including requesting information about Covid-19 and regulated firms, notifying the FCA of operational difficulties they were facing, or about having difficulty fulfilling their regulatory obligations, such as completing regulatory reports. The 517 firms that contacted the regulator excludes firms that responded to the Covid-19 survey, which was sent to firms in June and probed, among other things, firms' financial resilience. 4 Financial Planning founder and financial planner Ian Else did not make contact with the ...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Andrew Goodwin: It's time for advisers to think differently about innovation

Andrew Goodwin: It's time for advisers to think differently about innovation

'Ours is still a profession that rightly places enormous emphasis on the human touch, relationships and trust'

Andrew Goodwin
clock 04 July 2025 • 4 min read
Altus' Holford urges advisers to reframe concept of advice gap

Altus' Holford urges advisers to reframe concept of advice gap

Traditional models of value, service and delivery are being challenged

Sahar Nazir
clock 04 July 2025 • 2 min read
PA Asks: Do you keep in touch with clients when on holiday?

PA Asks: Do you keep in touch with clients when on holiday?

Plus, targeted support worries and BDMs

Professional Adviser
clock 04 July 2025 • 1 min read