Sarah Lord, President of the Personal Finance Society, has urged PFS and CII members to make their voices heard as a major consultation with members nears a close.

The FCA is planning to increase its minimum fee for firms from £1,151 to £2,200, it announced today.

The Association of Investment Companies has criticised proposed FCA reform to Key Information Documents (KIDs) as “tinkering around the edges” and wants KIDs suspended prior to major reform.

The Financial Conduct Authority has published draft guidance on powers that will enable quicker removal of unused regulatory permissions.