Deadline looms for information returns
The Financial Markets Authority said there were about 400 outstanding returns on Tuesday afternoon, of about 1800 AFAs in the market.
“Last year, just over 600 AFAs filed their return in the last week of September, so we are comfortable with current progress. We will send our further reminders to those who have yet to file later this week,” a spokesman said.
Barry Read, of compliance firm IDS, said the process of completing the return had become easier for advisers each year.
“Because we’ve had this for three years or however long it's been going and the format hasn’t really changed, we haven’t seen many issues. People know what was required the previous year so they are able to easily keep track of what’s required for the return.”
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