The Financial Conduct Authority is set to increase fees paid by new businesses seeking authorisation, according to its latest consultation paper.

Nearly three-quarters (72%) of people surveyed say they would not pay for financial advice, according to new research.

NatWest-owned Coutts has cut its investment platform tariffs with fees now starting from 0.15%, down from a minimum of 0.35%.

Flat fee wealth manager Bancroft Wealth has launched a campaign to highlight its view that financial advice is too expensive and fees based on a percentage of assets under advice are “unfair.”