If Jack McVitie were head of the FCA for a day, he would set revenue and registered individual (RI) targets for advice firms - at, say, £3m and 15 RIs respectively - and those that did not meet those targets would have to become authorised through a network.
The LEBC chairman and CEO says this means the networks would take care of the smaller firms, which would, in turn, enable the Financial Conduct Authority (FCA) to focus on the bigger fish. "I could...
£300bn of liabilities
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