The ‘closed book’ phase of the Duty comes into force at the end of July.

16 trade bodies have also written to the regulator opposing the plans.

Daniel Holden, head of Air’s Academy Learning Programme, outlines the importance of understanding best practice considerations that advisers should take when exploring later life...

The FCA has proposed identifying firms at the outset of an investigation.

The partnership comes as the FCA continues its review of how firms approach and treat customers in vulnerable circumstances.

FCA is also consulting on extending the rules to portfolio managers.

The FCA said it has identified additional learning as a result of the complaints investigation.

Non-financial misconduct is still a major issue for financial services, the FCA director said.

Over 300,000 investors were affected by the equity fund’s collapse four years ago.

The regulator is incorporating aspects of its tailored support guidance (TSG) into its rulebook.