Regulation

Firm faces £1.05m advice liabilities

Tyrie asked FCA to look at risks and opportunities

Regulator wants to help firms launch robo-advice

Butler oversaw scrapped banking review

Met with McDermott in May

Half of complaints about advice

Will ban fees on new contracts

Mix of regulated and non-regulated contact confuses consumers

Many opt for unregulated investments without advice

'Overriding competitive forces' may be necessary, suggests paper