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flag UK's FCA considers letting first-time homebuyers use pension savings to boost homeownership.

flag The UK's Financial Conduct Authority (FCA) is considering allowing individuals to use their pension savings to help buy their first home, aiming to increase homeownership. flag FCA Chief Nikhil Rathi highlighted this idea, noting that it exists in countries like Australia and the US. flag The FCA will launch a consultation in June to address the challenge of raising a deposit for first-time buyers, as mortgage approvals for this group have hit a ten-year low.

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