Five things clients will call you about this week

Regulation The newly-formed Financial Conduct Authority (FCA) will have powers to punish insurers and banks that make "excessive" profits, according the Independent on Sunday. The new regulator will pay increasing attention to those products generating the highest returns, in a strategy designed to "follow the money" and prevent further miss-selling. Child benefit Up to 1.2m households will lose on child benefit rule changes, set to take place in January. But clients can keep their child benefit and cut tax payments by contributing more to their pension, according to the Sunday Times...