Q Advisor Group sets out licensing stance
The group, formed in 2015, had been waiting for guidance on how regulators and banks would treat groups’ and advisers’ licensing arrangements.
Small groups have reported months of uncertainty on the subject, and feared banks and the Financial Markets Authority would insist on advisers working under a group FAP.
In recent weeks, groups, including Newpark Home Loans, have reported more constructive dialogue on the licensing issue.
Geoff Bawden, director of Q Group, said his group would become a FAP, adding he had been working towards that for “some time”.
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