The Financial Conduct Authority has warned fund managers to improve their value assessments to ensure they deliver fair value for retail consumers.

The FCA, PRA and Bank of England are to remove the £10,000 limit on compensation payments related to complaints about the regulators due to be implemented from 1 November.

More than 7m people unsuccessfully attempted to contact one or more of their financial services providers in the 12 months up to May 2022, according to the Financial Conduct Authority.

the Financial Conduct Authority will establish a new panel to provide advice on cost/benefit analysis in response to calls from regulated firms.