You bought your first home in your mid-to-late twenties, paid it off over 25 years, and entered retirement debt-free with the house as your reward for decades of hard work.

In March, the FCA launched a market study into lifetime mortgages and retirement interest-only (RIO) mortgages, asking whether the market is meeting consumers' changing needs and providing enough choice and competition.

A parent of children under 18 dies every 20 minutes in the UK, equating to around 127 children newly bereaved of a parent every day.