The Council is consulting with members about proposed changes to its Standards that will take account of new mandatory payment products and the FCA’s recent review of later life mortgages.

The Council’s Standards do not currently consider mandatory payment products, which are a recent innovation, but we want to ensure consumers who take out these products can benefit from our safeguards.

To that end, we would be grateful if you could complete a short consultation. The deadline is January 14.

The updated Standards will be shared with members in late January 2024 with implementation likely in early February 2024. Guidance will be issued ahead of implementation.

To complete the survey click here.