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...
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