The challenges facing the larger mortgage lenders could not be more intense. With house prices coming off their peak in London, the start of the withdrawal of Help to Buy, more new entrants and larger players like HSBC and TSB taking market share, base rate at record lows and having to manage ring-fencing and horizon […]
The Mortgage Market Review rightly recognised the need to establish, through advice, not what the customer thinks they want but what they genuinely need, as being a core cornerstone of the future market. The move from the pre-MMR position of many customers merely selecting the cheapest product via a non-advised offering to receiving advice has […]
The political and regulatory agenda shows no signs of slowing down. With Theresa May now setting out her vision for her new government, the core promise was that a new United Kingdom with renewed sovereign powers would have a government prepared to intervene more in markets where it sees reasonable justification to resolve issues. The […]
The FCA seems to be taking positive steps in its work on the ageing population. It launched this project at the beginning of the year by issuing a discussion paper inviting the industry to suggest the focus of its work. Following the feedback, it received, the regulator has now provided an update. It is encouraging […]