Interest-only  

Interest in interest-only products spikes

Ms Firth said there were almost 30,000 changes to criteria in the first half of 2019 and there was “little doubt” there remained a risk of a “tsunami of accusations of inappropriate product recommendations” in the coming years.

She added: “That is why it is so critical that brokers compile the strongest possible evidence now, during the advice process.”

imogen.tew@ft.com

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