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...
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