News

Increases from 3.4% in May

Includes redress changes and wholesale Consumer Duty review

Rachel Reeves confirmed in Mansion House speech pension funds and government ‘are united’

To help consumers make better financial decisions

Regulator asked to report on how well rules are working

Charging structure overhaul ‘proves’ otherwise, he says

Wave of City reforms

Reduced from six to four months for complete applications

First phase intended to ‘reduce burden’ on firms

Follows joint call for input and government proposals