Shaping the future: AMI responds to FCA mortgage discussion paper

AMI has now submitted our response to the FCA's Mortgage Discussion Paper; read our key messages to the FCA and read our response in full...

Advice isn’t optional, it’s the mortgage market’s future

AMI Chief Executive Stephanie Charman discusses AMI's response to the FCA's latest discussion paper and the value of advice for Mortgage Strategy magazine...

Your August ’25 update from AMI Chief Executive Stephanie Charman

AMI Chief Executive Stephanie Charman gives an update on what the team have been working on this month, and upcoming consultation deadlines...

Your August 2025 industry update

AMI's August 2025 update; what's new across the mortgage industry this month, including regulatory updates and industry initiatives...

Mortgage Sector in Focus; Stacy Penn writes for Moneyfacts

AMI Head of Policy Stacy Penn on how the UK mortgage market is evolving through regulatory reforms, tech advances and changing consumer expectations...
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Shaping the future: AMI responds to FCA mortgage discussion paper

AMI has now submitted our response to the FCA's Mortgage Discussion Paper; read our key messages to the FCA and read our response in full...

Advice isn’t optional, it’s the mortgage market’s future

AMI Chief Executive Stephanie Charman discusses AMI's response to the FCA's latest discussion paper and the value of advice for Mortgage Strategy magazine...

Your August ’25 update from AMI Chief Executive Stephanie Charman

AMI Chief Executive Stephanie Charman gives an update on what the team have been working on this month, and upcoming consultation deadlines...

Your August 2025 industry update

AMI's August 2025 update; what's new across the mortgage industry this month, including regulatory updates and industry initiatives...

Mortgage Sector in Focus; Stacy Penn writes for Moneyfacts

AMI Head of Policy Stacy Penn on how the UK mortgage market is evolving through regulatory reforms, tech advances and changing consumer expectations...

FCA Consumer Duty Information for Firms Update

update-1672353_1280

The FCA have updated their Consumer Duty information for firms page in response to ongoing queries and discussions around various concepts in the new rules. When we shared this page with members previously, it only had the sections on board champions and the definition of closed products (it also had a bit on October implementation plans, but this has been removed now the deadline has passed).

The FCA has expanded the page considerably. Below are the topics that may be of relevance to mortgage intermediary firms (click here to read the guidance):

  • Our expectations for outcomes monitoring
  • Retrospective application
  • Proportionality
  • Requirements for firms seeking authorisation
  • Portfolio and sector communications*
  • How the Duty applies to firms throughout the distribution chain
  • Information-sharing in the distribution chain
  • Clarifying the scope

*the remainder of these are expected in early 2023. The FCA has already issued a portfolio letter to ‘Independent Financial Advisers and Intermediaries’, however this is aimed at wealth and pensions advisers.

We will incorporate these clarifications into our future communications and guidance on Consumer Duty, and if firms have any questions, please get in touch.

© 2025 Association of Mortgage Intermediaries Limited.

AMI is the trading name of The Association of Mortgage Intermediaries Limited which is a company limited by guarantee, registered in England and Wales under the Companies Acts with number 7982341. Our registered address is Celixir House, Stratford Business & Technology Park, Innovation Way, Banbury Road, Stratford-upon-Avon, Warwickshire, CV37 7GZ.

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