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

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...