HM Treasury

Commons overturns Lords amendment to increase cap to £5,000 from initial £2,000 proposal

HoL committee meeting

New ten-year limit for bringing complaints

Process to be 'open and competitive'

Regulator asked to report on how well rules are working

First phase intended to ‘reduce burden’ on firms

10% higher than last year, commentators note

The ‘standout’ proposal from FCA’s advice / guidance review

Targeted support proposal could be ‘game changing’ for consumers

The regulator and HM Treasury set three proposals as part of major review