FCA chief executive Andrew Bailey says the MiFID II changes are saving investors £180m a year and could save them up to £1bn over 5 years.

The CISI’s Financial Planning and wealth management members have responded positively to Government plans to introduce a pensions dashboard, but are worried about the costs.

Data provider FE has today launched the FE Analytics+ Reduction in Yield (RIY) Calculator, a new tool that offers a simpler way of assessing the impact of costs on future returns.

Financial advisers and planners will remain "vital" to Vanguard's future, says a senior UK executive at US fund manager Vanguard which has just launched a D2C investment service in the UK.