FCA portfolio letters By Simon Lovegrove (UK) on October 25, 2024 On 25 October 2024, the FCA issued the following portfolio letters setting out its key concerns and priorities in 2025: FCA strategy for Non-bank Mortgage Lenders & Mortgage Third Party Administrators in 2025. FCA strategy for lifetime mortgage providers in 2025. FCA strategy for Building Societies in 2025. FCA strategy for Retail Banks in 2025.