PIMFA, which represents 1,000 investment managers and financial advisers, has called on the FCA to postpone implementation of revised FOS compensation limits.

As part of its preparations for Brexit the FCA is to launch a UK Benchmarks Register.

Financial Planning Today’s story this week revealing that more than 600 ‘ambulance chaser’ firms had applied to the FCA for authorisation will have sent shivers down the spine of many planners, IFAs and wealth managers.

The FCA has welcomed today’s National Audit Office report on protecting consumers.