The FCA says it will be more “flexible” on firm’s capital adequacy requirements during the Coronavirus outbreak.

Sipps professionals have expressed sadness and surprise, while also expressing fears for clients, after the FCA revealed four firms had failed over new capital adequacy rules.

The FCA has revealed that four Sipp operators have failed to meet the requirements of the new capital adequacy rules.

There is no hiding place for businesses failing to meet the new capital adequacy rules, a Sipp firm managing director says.