“FCA to probe advisers’ financial resilience amid Covid”

Jun 3, 2020 | Financial Services

Tags: COVID-19, FCA

If you’ve ever applied for a visa to the US and some other countries, you may remember one of the questions they ask is ‘whether your are seeking or have ever engaged in terrorist activities or genocide’. A great help, I’m sure, in keeping the bad guys out. I’ve just heard that our regulator is sending out a mandatory survey (i.e. complete it or else) to check our ‘financial resilience’ in the crisis. What happens, one wonders, if you tell them you’re in dire straits?* I have a feeling they won’t be popping round with a cup of tea and a sympathetic shoulder to cry on! *PS We’re not in dire straits, in case you’re a worried client or the FCA…

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“Simon Evan-Cook: FCA must wake up to consolidation damage”

“Simon Evan-Cook: FCA must wake up to consolidation damage”

This is where I can don my ‘been around the block, seen it all before’ mantle. What’s happening in our business/industry/profession at the moment is a lot of what’s become known as consolidation, big companies, many fuelled by private equity, buying up smaller firms or taking over the clients of retiring advisers.