My husband is one of the many Park Row consultants still awaiting authorisation from the FSA.
This is a very worrying time and I can see my husband’s mental and physical health deteriorating on a daily basis, particularly as I work alongside him and have done so for many years. We also have two full-time members of staff so if the situation does not change, we might have to say goodbye to them.
My husband has been in the industry for 30 years and has a proven track record, so much so that he has been inundated with numerous job offers. He has clients who contact us to say how pleased they are with the service he has provided and has many referrals from them. This is such an embarrassing situation. It has made him feel like a criminal.
The question, which I am sure all the consultants would like to know, is how much longer they will need to wait to find out if they are to be authorised? Is that too much ask? It appears that some consultants that have got feedback from the FSA have been put in category B, which means that they require additional information. My husband has not even reached this hurdle yet and
I am in fear of him not being authorised at all.
He did get a letter from the FSA via our MP to say that it would be unlikely to receive a reply before the end of February and here we are at the end of March Furthermore, what about clients who want/need to take out investments before the end of the tax year? If they make a client complaint, will this be my husband’s fault?
Why can’t anyone help?
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