The Financial Conduct Authority is to focus on "proportionate regulation" under its new 5-year strategy, its chief operating officer told ABI conference delegates this week.

The FCA’s upcoming advice guidance proposals will focus on helping consumers understand their choices around pensions, according to the regulator’s chief operating officer Emily Shepperd.

The FCA has given one of its strongest hints yet that reform of the Consumer Duty is on the way and what direction it might take.