Parmenion, the DFM and platform technology provider, has cut its initial fee and initial dealing charges to zero for all new business and top ups, it announced today.

Platform Hubwise has halved the cost of its SIPP plan, it says, and has reduced entry costs as the company’s chief executive lambasts 'unfair' high charges he claims are prevalent in the sector.

The FCA has stripped three firms of their regulatory permissions due to unpaid levies and fees.

The Financial Conduct Authority has today published its key priorities for 2017/17 in its new Mission Statement and Business Plan designed to give firms and consumers “greater clarity” and more “transparency” about how the FCA prioritises its interventions in financial markets.