The Financial Conduct Authority (FCA) has announced plans to remove a number of what it said are "ineffective communication requirements" from its handbook for firms.

The regulator wants to work with the industry on products to allow people to unlock money tied up in their property, Financial Conduct Authority (FCA) acting chief executive Tracey McDermott has said.

Advisers are moving clients' assets away from old-style fund supermarket platform giants that typically favoured rebates, ahead of next April's switch off of the payment method, according to research by Platforum.

Nucleus has warned some advisers are drastically underestimating the impact the end of platform-based commission will have on their businesses, and suggests it could cut their profits in half.

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