Britain’s over 50s are using the extra income they enjoy after paying off their mortgages to fund holidays, home improvements and gifts for their children. Fewer than one in four use the extra money to top up their retirement savings, says new research.

An equity release adviser who made “illegitimate transfers” totalling £1,000,000 has been hit with a ban by The Financial Conduct Authority today. Read more...

More than 500,000 40-to-70-year-olds in England intend to use part or all of their pension to repay their mortgage balance, according to research from specialist insurer Partnership.

The FCA has fined Yorkshire Building Society £4,135,600 for failings when dealing with its mortgage customers experiencing payment difficulties.