The Financial Conduct Authority (FCA) has suspended a second review into post-RDR suitability, thewealthnet can confirm.

In a letter sent to wealth advisers, the FCA said: "We have decided to delay our work on ASR2 [advice suitability review two] to allow adviser firms to focus on supporting their clients during this difficult period.

"We will not require any further information from your firm for now. We hope you will understand the need to focus on more critical activity, and we hope this gives your firm the opportunity to do the same."

The letter was received on the submission deadline for...