FCA zones in on client money amid Covid-19
The FCA has asked up to 300 firms to provide financial information on client money, staff furlough, debt and cash.
The Financial Conduct authority is surveying a range of brokers on their financial resilience following the coronavirus pandemic.
Insurance Age has seen a document, believed to have been sent out to 300+ brokers and MGAs, asking them to provide data about their finances.
The survey requests information about operating costs, estimated revenues, and whether or not staff have been made redundant or furloughed during the period and any expected savings. It relates to retail, SME and large
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