FCA opens review of competition in the mortgage sector

clock
 mortgage
Image:

mortgage

The Financial Conduct Authority (FCA) has today launched a market study to consider whether competition in the residential mortgage sector can be improved to benefit consumers.

The market study will explore whether available tools, including advice, help mortgage customers make effective decisions at each stage of the consumer journey. It will also assess whether commercial arrangements between lenders, brokers and other players lead to conflicts of interest or misaligned incentives to the detriment of consumers. The regulator said it wants to understand whether consumers are empowered to choose on an informed basis between products and services and are in a position...

To continue reading this article...

Join Cover

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Exclusive access to our fortnightly Protection insight mini-podcast.
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Income Protection

Covid-19 the main driver behind income protection purchases

Covid-19 the main driver behind income protection purchases

Over half of 2021 policy sales due to pandemic

Hemma Visavadia
clock 20 January 2022 • 1 min read
Greatorex joins IPTF Steering Group as Knowles steps down

Greatorex joins IPTF Steering Group as Knowles steps down

“IP sits at the heart of my protection advice”

John Brazier
clock 17 January 2022 • 1 min read
Andrew Wibberley: New year plans at the IPTF

Andrew Wibberley: New year plans at the IPTF

'We can promise to increase awareness of Income Protection amongst consumers and knowledge of it across advisers'

Andrew Wibberley
clock 04 January 2022 • 3 min read