The Regulator of Social Housing (RSH) has opened an investigation into whether Anchor has breached the governance and financial viability standard after finding several failures relating to safety.

The RSH has placed the later living specialist on its ‘gradings under review’ list meaning the giant later living and care specialist is potentially non-compliant. The RSH does not initially give the reasons why associations are placed on the review list but said it relates to governance.

It also today awarded Anchor a low ‘C3’ grading for consumer regulation, meaning it has serious failings and must improve.