Many problems surrounding risk profiling that were laid bare in an FSA report six years ago still exist, a former FCA technical specialist says.

Clients are allowed to pay for advice on lump sum investments in instalments, the regulator has reiterated in a notice to advisers, following findings in FAMR.

New PII rules are being considered by the FCA in a bid to prevent firms from “riskier practices”.

Product providers will have to cough up more to fund the FSCS under plans unveiled this morning.

The FCA has been urged to do more to encourage advisers to cut down lengthy suitability reports.

The FCA’s chief executive has warned some pension providers they must take action quickly after the regulator found customers were still at risk of high costs and charges.

A company whose founder is Arnold Schwarzenegger’s aid on a new US version of the TV show The Apprentice has been granted full FCA authorisation.

Some advisory firms are failing to adequately assess clients’ capacity for loss - a key element in risk profiling, a former FCA technical specialist has told Financial Planners.

Financial Planners should avoid ‘retrofitting’ when it comes to doing due diligence on DFMs, a former FCA technical specialist said this morning.

The Financial Conduct Authority’s chief executive will be grilled by Lords today as part of a probe into poor understanding of money related matters.