PIMFA, which represents 1,000 investment managers and financial advisers, has called on the FCA to postpone implementation of revised FOS compensation limits.

Despite the UK being legally mandated to leave the EU next Friday, but with Theresa May now seeking an extension to that departure date, PIMFA, which represents around 1,000 UK wealth managers and financial advisers, has launched a new 'Brexit Bulletin'.

MPs on the Works and Pensions Committee have voted to investigate contingent charging on pension transfers but some in the industry are sceptical about the benefits of such a move.

PIMFA, which represents around 1,000 UK wealth managers and financial advisers, has called for an “urgent review” of the FSCS following yesterday’s announcement of an interim levy.