The Financial Conduct Authority has fined Lloyds Bank, Bank of Scotland and The Mortgage Business over £64m for failures in relation to their handling of mortgage customers in payment difficulties or arrears.

Fintech firm Wealth Wizards, which combines Chartered Financial Planning and robo advice, has launched an automated ‘algorithmic’ abridged advice service for DB transfers.

The FCA has launched a probe into DB transfer advice given by advisers at Lighthouse Group - now part of Quilter.

The FCA’s long awaited DB transfer review was published today with, seemingly, a ban on contingent charging which turns out to be not a complete ban after all.