FCA sounds alarm on equity release advice

'Tick-box exercise'

Hannah Godfrey
clock
“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.
Image:

“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...

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.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Mortgages

FCA staff vote to strike over pay

FCA staff vote to strike over pay

'Historic first'

clock 12 April 2022 • 1 min read
FCA warns social media giants over 'dodgy' investment adverts

FCA warns social media giants over 'dodgy' investment adverts

‘Putting them on notice’

clock 28 September 2021 • 3 min read
Scam complaints rise by 66% amid new cryptocurrency fraud

Scam complaints rise 66% amid cryptocurrency fraud - FOS

Quarterly FOS figures

Camilla Vitanza
clock 24 September 2021 • 1 min read