( March 28, 2025, 16:24 GMT | Official Statement) -- MLex Summary: The UK Financial Conduct Authority has said it's open to a discussion on how first-time homebuyers can make use of their pension savings to ease the purchase. “When we open our discussion on the mortgage market shortly, we want to get ahead of this issue, not wait until we have an urgent problem upon us,” said FCA chief executive Nikhil Rathi, referring to the issue around accessing housing wealth. Rathi said it's important to treat pensions, mortgages and savings as connected areas to better serve consumers. The practice of first-time buyers using their pension savings is already done in Australia, New Zealand, the US, Singapore and South Africa.The speech is attached....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.