Can I avoid FSA compliance by selling up?
Q: I am nearing retirement and want to avoid complying with the Financial Services Authority. Can I...
Q: I am nearing retirement and want to avoid complying with theFinancial Services Authority. Can I get round it by selling to a local
competitor or becoming an appointed agent?
You need to take specialist advice but if you are thinking of selling, you
should consider putting out feelers now.
It is likely a number of firms will be on the market as the date for
Financial Services Authority compliance draws closer and non-compliant
companies will be less attractive in what will be a buyer's market.
Th
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