Do I need to declare IVA

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sharon340
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by sharon340 » Thu Jul 26, 2018 11:31 am
Do I need to declared my IVA if asked by my employer as I work for a non-FCA approved insurance broker?.
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Foggy
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by Foggy » Thu Jul 26, 2018 11:47 am
sharon340 wrote:
Do I need to declared my IVA if asked by my employer as I work for a non-FCA approved insurance broker?.


It depends on your terms of employment as to whether you need declare it (or, indeed, are permitted to have one). Whether or not it is mandatory, if asked officially and you lie brings up another issue of dishonestly answering a question. If it is not in your terms of employment, you can simply refuse to answer (which probably also tells it's own story). You could try "What's an IVA?"
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MerlinL14
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by MerlinL14 » Thu Jul 26, 2018 12:06 pm
I agree with Foggy, if you are asked directly then you can't just hope a 'no' answer will go undetected. A 'yes' answer may not be a game changer either as far as to your role in the company.
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Shaun Vickery
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by Shaun Vickery » Thu Jul 26, 2018 12:41 pm
The general consensus here has always been that you are better answering the questions honestly (or forever be waiting for a tap on the shoulder!). It's not really an FCA issue but an employment issue. I am intrigued to understand what a non-FCA approved insurance broker is though?
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kallis3
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by kallis3 » Thu Jul 26, 2018 2:58 pm
Check with your employer you may well be ok.

I would also like to know what a none FCA company is as well.
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