The FCA has warned firms with overseas appointed representatives (OARs) that they need to carry out greater supervision.

Quilter Financial Planning, the restricted financial advice network of Quilter plc, has added four new appointed representative firms.

The Financial Conduct Authority has halted business at 627 regulated firms in the past year to prevent consumer harm - 30% more than the previous year, according to its annual report and accounts

FCA CEO Nikhil Rathi says the FCA will apply "additional scrutiny" to authorisation applications from appointed representatives, approved persons and payment agents.