Royal London has welcomed the FCA’s terms of reference for its market study into later life mortgages, emphasising the importance of holistic advice that considers both housing wealth and pensions. Jamie Jenkins, Director of Policy at Royal London, highlights the need for a regulatory framework that supports joined-up solutions, enabling advisers to help clients make the most of all their assets and achieve better outcomes in retirement.
Jamie Jenkins, Director of Policy at Royal London comments:
“Royal London welcomes the FCA’s terms of reference for the later life mortgages market study, in particular its focus on the importance of holistic advice and the role of funding.
Supporting people to make informed decisions in later life means looking at pensions and housing wealth together, rather than in silos, and ensuring the advice framework enables this in practice.
As the Pensions Commission continues its important work on the future of retirement savings, it is vital that regulation of the later life market supports joined-up solutions that enable people to make the most of all their assets and achieve better outcomes in retirement.”
