Advisers risk big losses in lead up to FAP deadline – industry expert
They could see the value of their businesses shrink or even be extinguished in the lead up to next year's March deadline.
The comments come from an industry veteran, Andrew Scott, who cut his teeth at Sovereign before working for Newpark and The Lending People.
He says this problem is developing as the Financial Markets Authority enters the last lap of its race to get all advisers fully licensed.
From March 16 next year, anyone who does not have a full licence will not be able to practise, and advisers were urged to get their applications in by the end of last month to make sure they could be processed in time.
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