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
Timeline enters fact find and risk profiling markets
Launches soon
Colin Simmons: Putting lockdown savings to tax-efficient use
Pension boost from lockdown pain
Chancellor Sunak 'likely' to freeze lifetime allowance - reports
Rishi Sunak has plans to freeze the lifetime allowance for the rest of the current parliament in a "stealth tax" on the wealthy, according to The Times.
Ascot Lloyd grows war chest to £100m after deal with US investment group
Made 12 acquisitions in 2020
