Revealed: Number of adviser firms in financial difficulty during lockdown
170 regulated firms
The Financial Conduct Authority (FCA) has been contacted by 41 adviser firms since March regarding fear of firm financial difficulty, a freedom of information request submitted by Professional Adviser has revealed.
Between March and July, 27 adviser firms reached out to the regulator on an individual basis to notify the FCA they felt they were falling into financial difficulty. May proved to be the trickiest month,...
More on Regulation
FCA: Firms must understand and act to help financially vulnerable
Regulatory guidance
FCA interim chief executive Woolard to exit
Steps down from board on 1 October
FCA asks for views on consumer investment market in wide-ranging call for input
Will shape future regulatory work
Revealed: Advice firms giving up authorised status jumps 20%
252 firms pulled out
Pensions tax relief reform options 'too complicated'
'It may take a while to square this circle'
More news
Brunel Professions launches PI insurance website offering 'seamless transactions'
Completion in 3 minutes
Schroders UK Platform Awards 2021 open for entries
21 September
FCA begins work on open-ended long term asset funds
Retail investors set to be restricted initially
Partner Insight: Are investor biases to blame for market lows and highs?
The fact that emotions can so significantly impact investment decisions means the issue is becoming ever more important for advisers
