The FCA has named former Investment Association CEO Daniel Godfrey as the first chair of its new sustainable finance adviser group.

Too many Financial Planners are relying on averages for their retirement income planning process, according to DFM Hymans Robertson Investment Services.

The FCA has issued a warning notice to a pension adviser it has branded “reckless” after they gave unsuitable advice to customers to transfer out of their DB scheme over a four year period.

FCA CEO Nikhil Rathi has hailed the new Consumer Duty as a “game changer” and has said regulatory action this year has been unprecedented.