Found 10 items
Evaluation of the Retail Distribution Review and the Financial Advice Market Review
Submitted
- Financial Conduct Authority
- Advice
- Distribution
- Guidance
Council response published on 6 June 2019
The Council’s response the FCA’s call for input: evaluation of the RDR and FAMR
Intergenerational Differences
Open
- Financial Conduct Authority
- Insurance
- Intergenerational Fairness
- Mortgages
- Pensions
- Lending
Open for consultation until 1 August 2019
Seeking to understand the changing financial needs across generations for the UK financial services markets. The FCA looks into how the socio-economic changes are impacting the market and the implications this will have on the market going forward.
CP7/19 Solvency II: Equity release mortgages - Part 2
Open
- Prudential Regulation Authority
- Insurance
- Investment
Open for consultation until 3 July 2019
This consultation proposes amendments to its expectations of firms investing in equity release mortgage portfolios.
Mortgage Customers: Proposed changes to responsible lending rules and guidance
Open
- Financial Conduct Authority
- Affordability
- Advice
- Mortgages
Open for consultation until 26 June 2019
The Mortgage Market Study found that some consumers are unable to switch products due to changes in affordability criteria post financial crash. This CP seeks to reduce barriers to switching and proposing amending the responsible lending rules so that lenders can choose to undertake modified affordability assessments in certain circumstances.
FCA & PRA Changes to Mortgage Reporting Requirements
Closed
- Prudential Regulation Authority
- Financial Conduct Authority
- Regulation
- Mortgages
- Reporting
Consultation period closed on 28 February 2019
The FCA and PRA have identified several areas where they believe further data is needed from firms. This consultation seeks to plug those gaps by setting out proposals to increase the data which mortgage lenders and administrators are required to submit via Product Sales Data (PSD) and Mortgage Lending and Administration Return (MLAR).
CP19/5: Retirement Outcomes Review: investment pathways and other proposed changes to our rules and guidance
Closed
- Financial Conduct Authority
- Retirement planning
- Vulnerability
- Investment
Consultation period closed on 5 April 2019
This consultation sets out the proposed package of remedies from the Retirement Outcomes Review. This consultation seeks to ensure that investment in cash is an active decision and seeks to make changes to the information provided to consumers.
Pensions dashboards: feasibility report and consultation
Submitted
- Department for Work and Pensions
- Pensions Dashboard
- Pensions
- Access to information
- Consumers
Council response published on 29 January 2019
The consultation seeks views on a range of questions relating to the creation of pensions dashboards, including the tole of the SFGB and the preparation of legislation to compel pension schemes to provide their data for dashboards, and to take steps to provide State Pension data via dashboards.
FCA Discussion Paper on a duty of care and potential alternative approaches (DP18/5)
Submitted
- Financial Conduct Authority
- Consumer protection
- Vulnerability
- Regulation
- Responsibility
- Equity release
Council response published on 2 November 2018
The FCA is exploring whether a new Duty of Care would provide greater consumer protection and lead to better customer outcomes.
GC18/2: Fairness of variation terms in financial services consumer contracts under the Consumer Rights Act 2015
Submitted
- Consumer protection
- Retirement planning
- Vulnerability
- Regulation
Council response published on 7 September 2018
The Financial Conduct Authority is consulting on new guidance on unfair contract terms. following the introduction of the Consumer Rights Act (2015) and following rulings on variation terms in the Court of Justice of the EU.
MS16/2: mortgages market study
Submitted
- Financial Conduct Authority
- Consumer protection
- Retirement Interest-only Mortgages
- Retirement planning
- Vulnerability
- Pension provision
- Regulation
- Responsibility
- Equity release
Council response published on 2 August 2018
The FCA published the interim findings of its Mortgage Market Study in May and sought stakeholders' further views.
