The FSA has hinted the mortgage advice market could be in line for an "RDR-style" review in the near future.
Speaking at the Mortgage Masters Conference today, FSA director of the small firms division, Stephen Bland, says the “jury is still out” on whether the mortgage arena needs a more thorough investigation. It follows recent regulator reviews which highlighted that, while many mortgage firms are treating their customers fairly, some are still operating “in a way which is currently unacceptable”. In addition, Bland also highlights the grey areas between investments, mortgages and protection and how the RDR – which is mainly investment-focused – could affect the other industries. Currently, a...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
