FCA CEO Nikhil Rathi has said that the FCA will take a ‘pragmatic’ approach to enforcing its new Consumer Duty.

The Advice Guidance Boundary Review is considering the role of digital and automated channels in order for consumers to access pensions planning support, according to FCA CEO Nikhil Rathi.

FCA CEO Nikhil Rathi has hailed the new Consumer Duty as a “game changer” and has said regulatory action this year has been unprecedented.

The Financial Services Culture Board (FSCB) - a body aiming to improve the standards and culture of the financial services sector - is to close after eight years due to finances drying up.