Related topic: Regulation

"We want to see advice that supports informed, confident decision-making across all available options", Aladhal said.

Recent reviews by the FCA have highlighted significant weaknesses in board reporting across the sector.

Proposed reforms also include changes to retirement interest-only and mortgages for self-employed borrowers.

The FCA is investigating allegations that signatures have been forged.

A third of leaders say they do not know who should be accountable for AI-driven outcomes affecting vulnerable customers.

The tool speeds up financial promotion approvals for adviser members by assessing content against FCA rules.

Around half of all customers have characteristics of vulnerability.

Regulated firms need to take action to plan for and mitigate cybersecurity risks posed by frontier AI, the regulators warn.

The regulator says the director sought to evade paying compensation due to customers as a result of his own bad advice.

From April 2027, unspent DC pension pots and certain other pensions will be within scope of Inheritance Tax.