Financial Conduct Authority

No longer a requirement from today

Regulator looks to 'end duplication'

Lifeboat fund aware that customers had purchased investments from insurance broker

Policy said to present 'inevitable, illogical and irrational risks'

Advisers said to be breathing collective sigh of relief

And what advice firms were doing well

Advisers delivering suitability reviews in ‘vast majority’ of cases

Nearly double the amount in 2023

Regulator writes to those who complained about the way it handled the case

Report concluded that this is ‘not the way to regulate’