Council members and officials from the Financial Conduct Authority took part in a session on Wednesday 28 March, during which the FCA outlined details on the new defined term ‘retirement interest-only mortgages’. A copy of the presentation from the FCA can be downloaded for the ERC website.
The Council’s response to the initial consultation on retirement interest-only mortgages, underlined our support for efforts to provide innovative and flexible options that are in the best interests of older consumers. The Council provided further comment in response to the FCA’s publication of its Handbook Notice and final rules on ‘retirement interest-only mortgages’ in March 2018.
