Latest data from the FCA has revealed that in the second half of 2020 the number of complaints received by financial firms - excluding PPI complaints - rose by 3.3% to 1.93m.

The FCA has revealed that 50% of authorised firms previously using the Gabriel data reporting system have moved across to the regulator’s new RegData data collection system.

The average rate on a one-year fixed bond has plummeted to a record low of 0.61%, less than half the rate of a year ago when it was nearly 1.3%.

Investment research and fund ratings provider RSMR has launched a DFM Academy to help advisers with due diligence and selection.