James Chapman: Advisers' most frequently asked Covid-19 questions answered

GABRIEL and furloughing

clock • 4 min read

Over the past few weeks, we’ve received large numbers of queries around issues connected to Covid-19 and how it’s impacting upon adviser businesses and processes, writes James Chapman of The SimplyBiz Group, who answers five of the most frequently asked questions…

The most common queries have been related to regulatory issues, and the new support package from the Government. Below, you can find an overview of the most frequently asked questions we've received, and their answers.  Of course, this is a rapidly changing landscape and, while this information is correct at the time of writing, I recommend keeping fully up to date with the regulator's updates, now more than ever. 1. Do I still need to meet the capital adequacy requirement, or has this been relaxed by the FCA? Firms still need to comply with their capital adequacy requirement. If a...

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

 FCA chief: No allegations of Budget leak market abuse so far

FCA chief: No allegations of Budget leak market abuse so far

Told MPs on the Treasury Committee the leak caused serious concern

Alex Sebastian
clock 16 December 2025 • 3 min read
FCA's non-financial misconduct rules 'opaque' over social media activity

FCA's non-financial misconduct rules 'opaque' over social media activity

Lack of definitions and case studies

Cristian Angeloni
clock 16 December 2025 • 2 min read
2025: Reflecting on a 'sustained wave' of regulation

2025: Reflecting on a 'sustained wave' of regulation

The FCA has issued 34 consultation papers this year

Paul Bruns & Sandy McGregor
clock 16 December 2025 • 4 min read