FSA inefficiency is delaying our attempt to diversify

I am studying for the Advanced CeMAP qualification, as are the two brokers who work for me. This is to add another string to our bow in these difficult times.

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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