The ABI, the trade body for insurance and long-term savings providers, has urged the FCA to include pensions decumulation in its proposed 'simplified advice' rules.

The FCA is to consult on speeding up enforcement cases in an attempt to increase the deterrent impact of its actions and improve the public's confidence in the regulator as an enforcer.

The FCA has cancelled the Part 4A permissions of Liverpool-based claims management company MJL Focus Marketing (FRN 837145) after concluding that it was not a “a fit and proper person.”

As the next stage of the FCA's Consumer Duty looms in July - when legacy products and sales will be included - some new research suggests the Duty may be rather more of a burden on Financial Planners and advisers than first thought.