FCA sounds alarm on equity release advice
'Tick-box exercise'
“It is clear from our review that advice being offered to such consumers, including some vulnerable consumers, is still not up to scratch" - FCA's Jonathan Davidson.
The Financial Conduct Authority (FCA) has warned of adviser failings when it comes to advising on equity release.
In an update on a multi-firm review into later life lending, issued on Wednesday morning (17 June), the regulator highlighted a number of areas of concern when it came to advising on equity release...
More on Mortgages
Andy Bell writes to new FCA chief over 'wrecking ball' investment pathways policy
‘Fundamentally flawed’
Independent report into FCA's regulation of LCF faces further delay
Delayed until late November
Small adviser firms paying disproportionately high PI premiums - FCA data
17% increase on last year
FCA consults on extending Directory information submission timeframe
From December 2020 to March 2021
Back to Top
More news
Sustainable Festival: UN's Mulder says asset owners must take nature-based investment more seriously
Investment gap must be closed
Three receive CISI's Accredited Financial Planning Firm status
Adding to 67 firms
IHT receipts up 54% year-on-year in April and May
£5m in tax receipts
Lack of info and poor product choice key barriers to ESG - research
41% of advisers report rise in client ESG queries
