Over the next 18 months Financial Planners can expect to see a Financial Conduct Authority (FCA) that looks and feels different, according to the regulator’s chief executive Nikhil Rathi.

The Financial Conduct Authority (FCA) has announced that it will begin a review of the scope and coverage of Financial Service Compensation Scheme (FSCS).

The FCA and other regulators may set diversity targets in future for regulated firms.

The FCA is to consult on introducing a new type of open-ended fund which invests in long-term illiquid assets.