A trade body has urged the FCA to scrap plans to make advisers record all telephone calls, saying it would be negative for the profession and costly for small firms.

The FCA has been urged to do more to encourage advisers to cut down lengthy suitability reports.

The Association of Professional Financial Advisers has called for the FCA to act swiftly to strengthen rules on unregulated investments.

A trade body has called for the FCA to address the position of retiring advisers.