The Financial Conduct Authority (FCA) is considering its regulation of the equity release market amid concerns a "dirty word" reputation has led to an under-functioning market.
The regulator has invited industry and consumer views on equity release as part of a new study of the mortgage market, following its implementation of the Mortgage Market Review (MMR). It wants to see...
Subject to FCA approval
To offer multiple products
Once-in-a-lifetime out, necessities in
£3.4bn released last year
And mortgage lending
Completion in 3 minutes
Retail investors set to be restricted initially
The fact that emotions can so significantly impact investment decisions means the issue is becoming ever more important for advisers