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FCA to run Covid-19 healthchecks on 13,000 retail investment firms

Executive director of supervision Megan Butler also said the regulator is concerned about an increase of scams during the pandemic

Wealth managers and financial advisers have started receiving questionnaires from the Financial Conduct Authority to determine the financial health of their firms, and how they continue to fare since the beginning of the pandemic.

The survey is expected to reach about 13,000 firms across a range of sectors including wealth management, advisers, crowdfunders, and peer-to-peer lending platforms.

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