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 ...
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