An equity release overhaul, potential CGT changes and failing funds - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend...
Overhaul for equity release after ‘lazy' advisers accused of selling unsuitable loans The quality of advice given to people who take out equity release loans is to be bolstered amid fears homeowners are being trapped in poor value loans, The Telegraph reports. The Equity Release Council plans to launch new initiatives to improve the standard of advice around these ‘lifetime mortgages'. In June, the Financial Conduct Authority said older and vulnerable homeowners had been sold expensive schemes without first being offered proper advice. Some advisers performed few checks on clients' ...
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