One in ten people have no cash savings at all, and another 21% have less than £1,000 to draw on in an emergency.

The database outlines how to declare a customer as vulnerable to each lender.

The changes would allow lenders to provide personalised information to a consumer without triggering the need for regulated advice. 

Firms may no longer have to review the value of their product at least every 12 months under the new rules.

Less than half are very confident they are meeting Consumer Duty obligations on later life lending.

David will play a key role in the work to consolidate the PSR into the FCA.

The regulator wants to make it easier, faster and cheaper for consumers to make certain changes to their mortgage.

In H2 2024 the total amount of redress was £236m.

The live testing service would allow firms to collaborate with the FCA while they check that their new AI tools are ready to be used.

The FCA proposes removing the EU-derived rules and to make them clearer and more accessible.