Regulation

Thematic review showed most funds correctly marketed

Regulator was added to government's £10bn cost-cutting target

Directive comes into force in January 2018

Industry divided on the the regulator's push for innovation

Savings made across the board

Technology-friendly regulator values traditional advice

FCA was formed three years ago

Complaints driven by general insurance sales

Management costs reduced 2.5%

FSA guidance failed to do the job