The Financial Conduct Authority should pay compensation to individuals when it makes regulatory blunders, the Transparency Task Force (TTF) has recommended.

Members of the Transparency Taskforce campaign group met online with MPs and Lords yesterday to push for the new Financial Services and Markets Bill, currently going through Parliament, to be amended to reform the FCA to improve consumer protection.

George Kinder, leader of the Life Planning movement in Financial Planning and founder of the Kinder Institute of Life Planning, has won the Transparency Task Force’s Transparency Trophy for his long term dedication to putting consumers first in the financial advice process.