FCA bereavement survey sent to just 12 firms – 'A very small dip in the ocean'

Following a Freedom of Information request sent by Professional Adviser, the regulator revealed the 12-strong pool of firms was selected to be "representative of those that advise, manage or administer investments". This included platforms, advisers and wealth managers. The FCA said: "We ensured that the sample reflected a mix of different business models, including firms that engage directly with consumers and those that act as intermediaries. The sample also included firms of varying sizes." Sample size The sample size represents "a very small dip in the ocean", Sicsic Advisory...