FIN.

FCA sets out supervision priorities for mortgage intermediaries

The FCA has written to mortgage intermediaries outlining its supervision priorities for the next 2 years. Its key focus will be on embedding the Consumer Duty.

Other priorities include:

  • Quality of advice and unsuitable products
  • High pressure selling and ancillary products
  • Excessive fees and fair value
  • Financial promotions
  • Dormant ARs
  • Managing conflicts of interest in ARs
  • Trading names
  • Conditional selling

Laura Wiles