An influential group of MPs should get a veto on firing and hiring new senior FCA and PRA bosses, the chairman of the Treasury Committee says.

A Certified Financial Planner is to step down from her position as a non-executive FCA board member, it has been revealed this morning.

The total levy to fund the FSCS will rise in 2016/17 to £363m.

Twitter management tool Hootsuite has co-produced a guide to help finance firms avoid running into trouble with the FCA over their staff’s social media use.

The way that the Financial Services Compensation Scheme is funded is a “grotesque injustice” against advisers and also unsustainable, the FCA has been told.

The chief executive of HM Revenue and Customs is to leave the organisation after more than four years, it has been announced this morning.

FCA officials have moved this morning to insist that a return to commission bias is not on the cards despite comments from the acting chief executive.

Tracey McDermott will not be the new chief executive of the FCA, the regulator has this afternoon confirmed.

Many customers newly entering drawdown to stay invested have not been using an adviser, new FCA figures showed this morning.

A body representing financial advisers wants more details from FCA bosses on dealing with insistent clients and how to protect professionals who transact a pension transfer against advice.