The FCA has written a ‘Dear CEO’ letter to lifetime mortgage providers to warn them that it will intervene if firms fail to tackle "exploitation" risks to consumers.

Almost half (46%) of advisers aware of the Financial Conduct Authority’s (FCA) new Consumer Duty rules plan to turn to platform providers for implementation support, according to a new report.

Almost three quarters (73%) of advisers have concerns about the FCA's planned Consumer Duty rules and guidance.

A fifth (19%) of financial advisers admit they have not heard of the FCA’s new Consumer Duty and have not considered changes they may need to make.