Related topic: FCA

The scheme has been partially suspended following legal challenges and the FCA has admitted the possibility of the scheme being scrapped.

‘Mandatory signposting of all later life lending options can help stave off the retirement crisis’, Harris argues.

Action has now been taken against CACEIS UK, Sapia Partners and Barclays Bank UK.

The guidance helps firms apply the FCA's updated rules and guidance on non-financial misconduct. 

"We want to see advice that supports informed, confident decision-making across all available options", Aladhal said.

Recent reviews by the FCA have highlighted significant weaknesses in board reporting across the sector.

Brokers, lenders and advisers have backed the FCA's proposed mortgage market reforms, which aim to widen access for the self-employed, older borrowers and those with historic credit...

Proposed reforms also include changes to retirement interest-only and mortgages for self-employed borrowers.

The FCA is investigating allegations that signatures have been forged.

Around half of all customers have characteristics of vulnerability.