FCA

CMCs must be held to similar standards as advisers

Francis Buckman, alongside others, attempted to steal more than £2.3m

Business and assets sold

Comes after chair Ashley Alder failed to follow existing procedure

Legislation will be laid ‘as soon as possible’

A year after first called for in parliament

Thematic Review of Retirement Income Advice released in March

City & Merchant went into liquidation on 11 September

Firms should expect greater FCA scrutiny

Vulnerability support said to be a key advice hurdle