Image:
The regulator confirmed its supervision team was investigating into equity release and mortgage lending to older borrowers as they could have been given incorrect advice.
The Financial Conduct Authority (FCA) is undertaking "exploratory work” to understand equity release and later life mortgage lending over fears improper advice may have been given to older clients.
PA understands the regulator's supervision team is investigating the equity release sector and mortgage lending to older borrowers as it fears they could have been given incorrect advice. This is Money...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Tap into our community intellignece through our regular Pro Adviser poll.
- Be the first to hear about our events and awards programmes.
