Related topic: FCA

Brokers are being urged to act now on later life lending rather than wait for FCA market study.

Lawrence was previously authorised to give mortgage advice but had his permissions revoked in 2008.

Insurance complaints rose 10.1% while the home finance sector saw a decline of 3.8%.

The FCA found Sapia did not put enough safeguards in place to protect client money.

Adviser numbers have remained broadly steady at around 31,000 since 2023, despite a 15% fall in the number of authorised advice firms since 2021.

Consumer Voice believes consumer redress has been minimised in order to protect lenders.

The plans will halve the SM&CR’s regulatory burden on firms.

Firms are testing AI-enabled targeted support for investments, credit score insights for consumers, anti-money laundering detection, and Know Your Customer.

86% of brokers believe lenders need to develop products that support a broader range of financial circumstances.

The FCA has published its vision for open finance, setting out how consumers and businesses could gain greater control over their financial data to help them access financial products,...