Paraplanners have been urged by an FCA specialist to ditch ‘flaky’ suitability reports and make them easier on the eye.

A member of the Financial Advice Market Review panel has called for a rise in the £150 tax-exempt advice available for employees via their employer.

The new capital adequacy rules take effect today but Sipp experts say there are still grey areas that could be problematic.

A financial adviser has been banned and fined £109,400 for “lying repeatedly to the regulator”.

The Personal Finance Society has met with the FCA, FOS and APFA to discuss “ineffective and overcomplicated” suitability reports.

FCA officials are assessing reactions to plans for a complete ban on early exit penalties for new pension contracts.

An adviser body has called for “fundamental change” in how the FSCS is paid for.

The FCA is weighing up changes in how levels of redress are calculated for cases of unsuitable advice on DB pension transfers.

The FCA should lose its powers to hand down fines, bans and other penalties, The Treasury Committee says.

Two insurance firms have been told to cease sales after evidence of potential mis-selling in the general insurance sector was uncovered by the FCA.