Charlotte Allen, chief compliance and risk officer at Key Group, explores the regulatory landscape - headwinds and tailwinds - for advisers in the later life lending market and the...

Overall, IFAs think the Review will bring positive changes for clients.

Investors were offered impossibly high returns of 1.4% a day, 7% a week or 350% a year.

Intermediaries don’t favour proposals for banks to take more risks.

The announcement follows last Friday’s landmark ruling by the Supreme Court.

The PRA says any amendments it decides to take forward "would represent less complex regulatory requirements for many firms".

Investors were promised fixed returns and told the scheme was backed by the UK Government, claims the FCA considers were false or misleading.

The PRA fines Barents Reinsurance £1,785,000 for internal controls, governance and reporting failures.

The investments were high risk and hard to sell, leaving investor money trapped.

Medium-term potential for growth has been upgraded due to a more relaxed approach to mortgage affordability tests.