The Personal Finance Society (PFS) is gathering evidence of the value of financial advice to challenge the Financial Conduct Authority’s (FCA) view of the sector.

The Financial Conduct Authority has removed permissions from two more credit brokers suspected of offering investments as concern grows about a network of credit brokers misusing their permissions.

Staff at the Financial Conduct Authority will vote this week on taking action over concerns about cost-cutting at the regulator.

From 24 January the new authorisation fee structure from the Financial Conduct Authority (FCA) will see Financial Planning firms pay a standard authorisation fee of £2,500.