The FCA is to scrutinise the harm to consumers from advisers who levy ‘excessive fees and charges.’

Platform Transact is to trim annual and buy commission charges in the spring as platform competition intensifies.

Standard Life Wrap, the adviser platform, is to simplify and cut charges by April in a major overhaul of its pricing structure.

Unbiased, the directory and lead generating service used by many Financial Planners and advisers, is to raise its charge for passing on consumer enquiries from 1 June - but has defended the increase as the first in four years.