A former Towry adviser has been banned for at least two years by the FCA “for engaging in market abuse”.

An outsourced Paraplanning firm has reported a surge of enquiries about suitability reporting and platform due diligence after these areas came under the FCA spotlight.

The incoming chief executive of the FCA says the public perception of some areas of finance is “too much towards the exploitative ‘greed is good’ end of the spectrum”.

Advisers will have to stump up an extra £10m to fund The Financial Services Compensation Scheme.

The FCA must “stop playing with robo-advice”, a Chartered financial Planner says.

The Government is asking finance firms to tell it what regulators, including the FCA, can do better to support innovation in the sector.

The whole plan for the secondary annuity market is ‘doomed’, unless a fundamental problem can be addressed, a pensions expert says.

A Financial Planning firm founder has branded remarks about Financial planning from the outgoing FCA chief executive as “outdated” and “not very helpful”.

Firms getting involved in the new secondary annuities market must recommend clients seek regulated financial advice or guidance from Pension Wise “at the earliest opportunity”, new proposals state.

The FCA has declined to say how much is being spent on its new website.