The number of people struggling to meet financial commitments has fallen by 3.5m since last year, according to new figures published today by the FCA.

The FCA is proposing to increase its minimum and flat rate fees, as well as application fees, by an average 8.75% which could mean Financial Planners facing an overall hike in charges of 4.9%.

The Financial Conduct Authority has won a court order to obtain £1.6 million from Argento Wealth Ltd (AWL) and its sole director Mr Daniel Willis who is accused of promoting two alleged unlawful investment schemes. 

The FCA has opened a consultation into new guidance to be added to its Perimeter Guidance Manual (PERG) as the much-delayed Pension Dashboards Programme continues to inch forwards.