Investment expert Fraser Donaldson reviews the FCA's latest 'Dear CEO' letter on cash interest. Mr Donaldson, Insight Consultant at Defaqto, writes a regular column on DFMs for Financial Planning Today magazine with the latest column reproduced below. To view Fraser's past columns and lots more content in the magazine register and subscribe to the magazine. If you are not yet registered for Financial Planning Today website do so now to find out more. Registration is free.

Less than a third of financial advisers feel fully supported by their preferred discretionary fund management partner (DFM) on the Consumer Duty, a new survey has warned.

Adviser support network SimplyBiz is to offer free access to Defaqto’s Engage Financial Planning system to all its members.

Fintech and adviser support services firm Fintel, owner of SimplyBiz and Defaqto, has reported a 0.3% rise in revenue to £56.6m for the year ending in December, compared to £56.4m in 2022.