The Financial Conduct Authority is to consult on imposing a 1% cap on early exit charges for consumers using the pension freedoms.

Innovative fintech companies in Australia and the United Kingdom will have more support from regulators to enter the others’ market in what's being called a "world-first" agreement by regulators.

The FCA has called for the help of advisers as it launched a probe today into specific rules and policies which could be hindering investment for social purposes.

A leading figure at the FCA has admitted that regulation and fear of risk can come at the cost of stifling improvements in the industry, as a system for trialling new products was launched today.