FCA chief executive Andrew Bailey has called for “a permanent commitment to open financial markets” but accepts Brexit will take place in March next year.

Platform and SIPP provider AJ Bell saw pre-tax profit tax increase by 29% to £21.7 million for 2017 as the company’s growth strategy in recent years paid dividends.

Manchester-based SIPP provider Liberty SIPP has defied market gloom in the SIPP sector to nearly double the value of its assets under administration in the past year.