FCA asks struggling firms: 'How long do you expect to remain in business?'

Third Covid-19 resilience survey sent to advisers

Jenna Brown
clock • 2 min read

The Financial Conduct Authority has sent another Covid-19 resilience survey to advisers to gauge how businesses are faring during the ongoing pandemic and latest national lockdown.

It is the third such survey the watchdog has sent since the pandemic hit last year. The second survey was sent out in September last year with the first hitting advisers' inboxes in June. The survey probes firms' ongoing business models and includes a question on what impact Covid-19 is having on firms prospects. Respondents are presented with several options. If they answer neutral the survey moves on to the next question, however, if they respond that the pandemic is threatening their survival an additional question appears asking how long they think the business will survive. It...

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 Regulation

Verve flags adviser hesitance over compliance switching

Verve flags adviser hesitance over compliance switching

Launches guide

Jen Frost
clock 06 February 2026 • 2 min read
Failed financial advice firms tracker

Failed financial advice firms tracker

Firms that the FSCS has confirmed as failed since the start of 2023

Professional Adviser
clock 06 February 2026 • 1 min read
Navigating FCA skilled person reviews, remediation, and past business reviews

Navigating FCA skilled person reviews, remediation, and past business reviews

Risk of s166 review has 'never been more significant'

Marjolaine Quirke
clock 05 February 2026 • 2 min read