I recently spoke to the FSA regarding altering our licence to incorporate equity release within our permissions and it told me the turnaround time is three to four months. I couldn’t believe it.
The government is supposedly trying to help small businesses but forcing firms to wait a quarter of a year before they are allowed to earn a living is insane. If the boot had been on the other foot I wonder whether the FSA would deem this to be treating customers fairly.
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