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UK lenders should give appropriate advice on lifetime mortgages, FCA says

( June 17, 2020, 10:53 GMT | Official Statement) -- MLex Summary: UK lenders offering lifetime mortgages should read a Financial Conduct Authority review on equity release sales and ensure customers are receiving advice tailored to their specific circumstances, the financial-services regulator said today. The FCA’s review showed that advice being offered to consumers is still not up to scratch.The statement follows. The review is attached....

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