'Problem' brokers still failing Goodwill duty

The industry's Goodwill issue has still not been resolved with up to 10% of identified 'problem' firms operating outside their capital resource requirements, according to regulatory experts.

Five months after the Financial Services Authority's (FSA) deadline for the resolution of Goodwill issues passed, some firms have continued to flaunt threshold conditions. Kieran Marsh of Marsh Consulting said: "We still have brokers contacting us for advice and business plans to sort out their Goodwill

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