The FCA has published the full price list of its database, with marketing companies taking out a weekly subscription to its firms' and individuals' data being charged almost £18,000 a year.

The true cost of bad advice, and more importantly what it’s going to cost, moved into the spotlight this week with the FCA’s headline-making proposals to compel most financial advice firms, some 5,000, to set aside reserves for the cost of bad advice.

The FCA has published details of temporary measures which will give investment companies a chance to improve cost disclosure.

Proposals from the FCA would require investment advisers to set aside a minimum of 28% of potential liabilities in advance to compensate investors if bad advice is given.