The FCA is set to reduce its fees for advisers by 1.1% over the next year although overall costs for advisers could go up, according to its fee proposals published today.

Xafinity SIPP and SSAS has cut fees on its SimplySIPP product and upgraded technology for advisers.

The FCA has revealed plans to change how it calculates the scale of regulatory levies for next year and 2020.

A new report by independent fund research firm Fitz Partners has given an insight into the level of investment advisory fees charged by asset managers.