FCA reveals 4,000 firms at risk of failure due to Covid-19

Mainly small and medium-sized outfits

Sheldon Mills: "Our role isn’t to prevent firms failing. But where they do, we work to ensure this happens in an orderly way."
Sheldon Mills: "Our role isn’t to prevent firms failing. But where they do, we work to ensure this happens in an orderly way."
  • LinkedIn  
0 Comments

Some 4,000 regulated firms are at risk of failure due to the ongoing coronavirus pandemic and a third of those have the potential to cause harm if they go under, according to the financial regulator.

The statistics come from the Financial Conduct Authority's (FCA) coronavirus (Covid-19) financial resilience survey results published today. The surveys were sent to 23,000 solo-regulated firms to inform...

Upgrade

PA is dedicated to championing professional advisers. It helps you build your business, service clients and generate sustainable income.

PA offers:

  • REAL-TIME NEWS & ANALYSIS: find out what’s happening in the profession right now and why
  • MULTI-ASSET: discover the latest trends in multi-asset
  • FUTURE OF ADVICE: helping you shape your strategy with the latest expert opinion and case studies
  • TECHNOLOGY: learn about the latest solutions, with case studies and the views of experts such as Adam Higgs

Register now

More on Regulation

More news