It looks at what Consumer Duty rules mean in practice and what it can do for later life lending
Later life lender LiveMore has published a white paper on Consumer Duty, discussing “why later life lending is about to change forever” with the implementation of the new regulation.
The mortgage lender for people aged 50 to 90-plus said this was an opportunity for the industry to level up as consumers across financial services would now “have more power than ever, with Consumer Duty ushering in a new era of positive change.”
The LiveMore white paper looks at what Consumer Duty rules mean in practice, and in particular, what it can do for later life lending where much needs to change.
“Let’s make 2023 the year of consumer power,” stated Leon Diamond (pictured), chief executive and founder of LiveMore. “Consumer Duty is an opportunity for the financial services industry to make a fresh start and bring about a bright future.
“Our white paper is a comprehensive, enlightening document that I invite all brokers, lenders and other industry professionals to read. It is vital that we provide customers with all the options available to them, while offering advice that’s transparent and always in their best interests.”
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