Related topic: FCA

The regulator is also planning to simplify later life advice rules.

MFS is registered with and supervised by the FCA for compliance with money laundering regulations.

Nearly three in five IFAs say targeted support would help clients better plan their financial future.

The changes aim to improve response times and give firms clearer guidance on what to report and when.

Homeowners aged 55-plus own more than £3.7 trillion of mortgage-free property wealth.

The FCA and the FOS will begin implementing changes from today, where they can.

The Group has warned against the government's 'deregulation agenda' and calls for a Royal Commission into UK financial conduct regulation.

The FCA warns many financial services firms still need to strengthen their approach to customer support, despite improvements since the introduction of the Consumer Duty.

The regulator confirmed that it will consult on further changes to its mortgage rules this year.

The regulator has raised concerns over how brokers advise customers, assess affordability and charge fees.