About 400 Financial Planners, Paraplanners, advisers, and wealth managers are attending the Morningstar Investment Conference UK, which began this morning.

Rory Percival, the former FCA technical specialist, says practices around capacity for loss are “frankly very poor” among many firms – perhaps the majority.

The total number of complaints reported to the FCA by firms in the second half of 2016 was 3.04 million.

The firms which had the most complaints registered against them relating to pensions and decumulation were revealed today by the FCA.

A PFS member who holds the Diploma in Financial Planning has joined an FCA enforcement panel.

The advice sector has been told today its bill to help pay for the FCA will rise by 4.7%.

The FCA is exploring the use of eye tracking technology as part of work to clamp down on misleading or harmful financial advertising for consumers.

Advisers will have to stump up at least £100m this financial year to fund the FSCS – with an extra bill possible later this year.

The FCA has rejected the idea of introducing a mandatory standardised fact find.

All financial services firms should be commanded to use a new set of explanations for advice and guidance, which should be displayed side-by-side.