Regulation

APFA called for redistribution of fines to cover compensation cost

Discovered a string of failings

FCA and DWP consult on capping early exit charges

Industry debates FAMR

Decisive judgement currently being appealed

Regulator is said to have ruled the option out

Some advisers did not meet regulatory independence requirements

Wind-up had been delayed in February

Firm faces £1.05m advice liabilities

Tyrie asked FCA to look at risks and opportunities