Mark Neale, chief executive of the Financial Services Compensation Scheme (FSCS), will step down on 3 May 2019 after nine years in the role.

FCA chief executive Andrew Bailey has paid tribute following the death of former FCA colleague Linda Woodall, the regulator’s ex-director of life insurance and financial advice who had a long career in regulation.

PIMFA, which represents around 1,000 UK wealth managers and and financial advisers, has welcomed the FCA’s decision to further investigate industry concerns about the operation of the PRIIPs regime since its implementation in January.

Citizens Advice, the consumer advice charity, has made a ‘super complaint’ to the Competition and Markets Authority about “excessive prices” it alleges cost ‘loyal and disengaged’ consumers £4bn a year.