Advisers’ bill for running the FCA to drop from £74.9m

The total fees that advisers will have to pay the FCA next year will fall, it was confirmed this morning.

The Financial Ombudsman Service has confirmed it will collect fees from the industry of £24.5 million in 2016/17.

The FCA has granted full discretionary fund management permission to Succession Group, the company announced this morning.

The FSCS and Financial Ombudsman Service could both be set to undergo significant reforms after recommendations published this morning by the FAMR.

There is a “clear need for intervention” in the advice market from the FCA and government, a major review has concluded.

A £668.5 million deal for Just Retirement and Partnership to merge has been rubber stamped, it has been revealed this morning.

The new Just Retirement Group has begun trading on the London Stock Exchange today, following the £668.5 million merger of Just Retirement and Partnership.

The FCA is writing to 16,000 customers of a debt management firm to inform them it has been refused authorisation and can no longer carry on regulated activities.

Today is the last chance for investment managers to give the FCA their views on how the new MiFID II EU legislation should be implemented in the UK.

Six firms in the life insurance sector are under investigation and may face disciplinary action over treatment of long-standing customers.