The current level of funding and the financial structure of FOS will have to change, FCA chairman Charles Randell told the Treasure Committee today.

FCA chief executive Andrew Bailey has warned firms not to ‘mislead’ customers over investments.

FCA chief executive Andrew Bailey has written to MPs promising to improve the quality of data on the FCA Register amid fears over the volume of incorrect information being provided to consumers.

The SIPP providers body AMPS (Association of Member-Directed Pension Schemes) has urged members to learn lessons from the implications of the recent Berkeley Burke SIPP court ruling but says the case is “no game changer.”