The group says Freedom of Information requests, Treasury-mandated external reviews and legal challenges would all be adversely impacted.

Eric Armstrong, recruitment and development executive at In Partnership, outlines three areas with some practical tips to help advisers comply and deliver ‘good outcomes’...

Major regulators will also have their legal duties slimmed down.

The FCA says Odey "deliberately sought to frustrate OAM’s disciplinary processes into his conduct to protect his own interests".

The offering aims to help financial institutions strengthen compliance, reduce operational costs and combat financial crime.

The regulator says it wants to "avoid additional burdens on firms at this time".

The regulator has also abandoned plans to introduce diversity and inclusion rules.

The report summarises that ‘firms should not have to overhaul the way they work, but complying with new expectations may mean more administrative work'.

In the latest three-month period, around 280,000 mortgages locked into a new deal up to six months ahead of maturity.

The government says unnecessary regulation will be cut to boost growth.