The FCA has revealed Standard Life’s Financial Planning arm is among firms that is has been helping to develop robo advice.

The Financial Conduct Authority is to ask fund managers to disclose a single, “all-in” fee to investors to help tackle weak price competition in the asset management sector as part of a radical overhaul.

The asset management sector at “worse looks like a cartel” and should not fear revealing “the real price of the services”, industry professionals say.

The FCA announced a radical overhaul of the asset management sector this morning.

The FCA has been told it should regulate the fund ratings industry as some agencies admitted there were ‘conflicts’ in their business models.

The FCA says it will ‘shortly’ be launching a market study into platforms.

A proposed shakeup of FCA guidance on DB pensions advice will make transfers ‘harder to justify’ and ‘more demanding’, an adviser firm claims.

The FCA is set to deliver its final report on the asset management industry tomorrow after finding price competition is ‘weak’ in parts of the sector.

The FCA is investigating whether consumers can understand the outcomes of stochastic cashflow modelling as part of its shake up of DB transfer advice.

Bedford-based financial adviser firm Total Wealth Solutions is being voluntarily wound up after the firm had a complaint upheld against it by the Financial Ombudsman Service over pension transfer advice to move a client's money to a fund linked to a Brazilian rainforest scheme.