Experts have reacted to the Government’s defeat in Parliament last night on its flagship Brexit deal.

The current level of funding and the financial structure of FOS will have to change, FCA chairman Charles Randell told the Treasure Committee today.

FCA chief executive Andrew Bailey has written to MPs promising to improve the quality of data on the FCA Register amid fears over the volume of incorrect information being provided to consumers.

A new campaign has been launched which aims to end the “injustice” suffered by 5m retirees stuck in the “annuity trap.”