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Firms fear losing access to clients as FCA ramps up ‘use it or lose it’ drive
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Finance firms are scrambling to avoid losing permission to offer crucial services to clients after the Financial Conduct Authority flooded corporate bosses with requests to prove those authorisations are necessary.
Firms require approval from the FCA before they are allowed to conduct a wide range of services, from running funds and transferring pensions to giving advice and offering insurance contracts.
But...
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