Related topic: Regulation

The rules set clearer standards for how financial services firms should address non-financial misconduct. 

35% of lenders think regulatory scrutiny will ease over the next year.

The regulator has confirmed that it will simplify mortgage rules for first-time buyers.

In one case, Nationwide failed to identify a customer using personal current accounts to receive £27.3m in fraudulent Covid furlough payments.

Advisers expect two thirds (66%) of their clients to be affected and will require IHT advice.

As targeted support is a one-off service, it does not involve ongoing suitability assessments. 

Firms are being urged to review their systems as new guidance sets the standard for customer vulnerability management.

The regulator is also consulting on ways to further modernise pension rules.

The main barrier currently stopping 1 in 3 people accessing financial advice is cost, the research shows.

Consumers can use the tool to check if a firm is authorised and has the correct permissions to provide services.