The Financial Conduct Authority expects a significant number of smaller regulated firms to fail over the next few months.

The new chief executive of the Financial Conduct Authority (FCA) Nikhil Rathi has said it will take two or three years to address the rising costs of the Financial Services Compensation (FSCS) scheme levy.

AJ Bell chief executive Andy Bell has written to new FCA chief executive Nikhil Rathi warning him about the consumer dangers of proposed investment pathways reforms.

The new chief executive of the FCA, Nikhil Rathi, will begin work at the regulator tomorrow (1 Oct).