Professional Adviser www.professionaladviser.com Industry Voice: Using equity release as a source of funds <img alt="Industry Voice: Using equity release as a source of funds" src="https://www.professionaladviser.com/api/v1/wps/218c016/41951216-740e-472f-ac0f-cce3c8216702/1/iStock-884678024-185x114.jpg" /> <p><!--summary start--> <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/218c016/41951216-740e-472f-ac0f-cce3c8216702/1/iStock-884678024-185x114.jpg https://www.professionaladviser.com/sponsored/4048703/aviva-pa-equity-release-source-funds https://www.professionaladviser.com/sponsored/4048703/aviva-pa-equity-release-source-funds https://www.professionaladviser.com/sponsored/4048703/aviva-pa-equity-release-source-funds Mon, 25 Apr 2022 16:04:18 +0000 ERC brings back face-to-face legal advice requirement for members <img alt="ERC brings back face-to-face legal advice requirement for members" src="https://www.professionaladviser.com/api/v1/wps/1db8d21/ab5ede42-d906-439d-abb0-f09d48071029/10/Face-to-face-185x114.jpg" /> <p><!--summary start--> A mandatory face-to-face in-person meeting with a solicitor will be required for all customers considering an equity release product with a member firm, the Equity Release Council (ERC) has said. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/1db8d21/ab5ede42-d906-439d-abb0-f09d48071029/10/Face-to-face-185x114.jpg https://www.professionaladviser.com/news/4048395/erc-bring-legal-advice-requirement-members https://www.professionaladviser.com/news/4048395/erc-bring-legal-advice-requirement-members https://www.professionaladviser.com/news/4048395/erc-bring-legal-advice-requirement-members Tue, 19 Apr 2022 08:59:11 +0000 Equity release activity up 24% year-on-year to £4.8bn <img alt="Equity release activity up 24% year-on-year to £4.8bn " src="https://www.professionaladviser.com/api/v1/wps/428b8f6/8e2e5809-4dee-43ab-b02a-1ffbad40a074/3/james-feaver-O4Ywu-YNj5A-unsplash-185x114.jpg" /> <p><!--summary start--> The Equity Release Council has revealed its Q4 and full-year lending figures for 2021 showing that activity in the market climbed 24% year-on-year to £4.8bn. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/428b8f6/8e2e5809-4dee-43ab-b02a-1ffbad40a074/3/james-feaver-O4Ywu-YNj5A-unsplash-185x114.jpg https://www.professionaladviser.com/news/4043840/equity-release-activity-gbp-8bn https://www.professionaladviser.com/news/4043840/equity-release-activity-gbp-8bn https://www.professionaladviser.com/news/4043840/equity-release-activity-gbp-8bn Tue, 25 Jan 2022 12:53:42 +0000 Standard Life launches lifetime mortgage range with Key Group <img alt="Standard Life launches lifetime mortgage range with Key Group" src="https://www.professionaladviser.com/api/v1/wps/115f183/e665d516-090f-45d9-a692-87cb5f3fdc6b/5/tierra-mallorca-rgJ1J8SDEAY-unsplash-185x114.jpg" /> <p><!--summary start--> Standard Life has joined the equity release market with a range of lifetime mortgage products launched in partnership with Key Group. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/115f183/e665d516-090f-45d9-a692-87cb5f3fdc6b/5/tierra-mallorca-rgJ1J8SDEAY-unsplash-185x114.jpg https://www.professionaladviser.com/news/4037061/standard-life-launches-lifetime-mortgage-range-key-group https://www.professionaladviser.com/news/4037061/standard-life-launches-lifetime-mortgage-range-key-group https://www.professionaladviser.com/news/4037061/standard-life-launches-lifetime-mortgage-range-key-group Tue, 14 Sep 2021 11:00:36 +0000 Phoenix Group buys £300m equity release book from Just Retirement <img alt="Phoenix Group buys £300m equity release book from Just Retirement" src="https://www.professionaladviser.com/api/v1/wps/2641a9f/aba956a3-fdf6-4e7b-8338-44d64607127a/5/tierra-mallorca-JXI2Ap8dTNc-unsplash-185x114.jpg" /> <p><!--summary start--> Phoenix Group has bought a portfolio of equity release mortgages worth £300m from Just Retirement. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/2641a9f/aba956a3-fdf6-4e7b-8338-44d64607127a/5/tierra-mallorca-JXI2Ap8dTNc-unsplash-185x114.jpg https://www.professionaladviser.com/news/4036511/phoenix-group-buys-gbp300m-equity-release-book-retirement https://www.professionaladviser.com/news/4036511/phoenix-group-buys-gbp300m-equity-release-book-retirement https://www.professionaladviser.com/news/4036511/phoenix-group-buys-gbp300m-equity-release-book-retirement Thu, 2 Sep 2021 11:25:17 +0000 Royal London takes 30% stake in equity release provider <p><!--summary start--> Royal London has taken a 30% stake in equity release provider Responsible Group as it predicts later life lending "will become a core part of financial planning". <!--summary end--></p> https://www.professionaladviser.com/news/4028552/royal-london-takes-stake-equity-release-provider https://www.professionaladviser.com/news/4028552/royal-london-takes-stake-equity-release-provider Tue, 16 Mar 2021 11:03:49 +0000 Royal London enters equity release market via partnership with Responsible Life <p><!--summary start--> Royal London has partnered with later life mortgage adviser, Responsible Life, to enter the equity release market. <!--summary end--></p> https://www.professionaladviser.com/news/4020789/royal-london-enters-equity-release-market-partnership-responsible-life https://www.professionaladviser.com/news/4020789/royal-london-enters-equity-release-market-partnership-responsible-life Mon, 28 Sep 2020 10:18:53 +0000 Equity release clients go back to basics during lockdown - Canada Life <p><!--summary start--> Clients using equity release to support day-to-day living accounted for more than a fifth of Canada Life’s transactions during lockdown. <!--summary end--></p> https://www.professionaladviser.com/news/4018655/equity-release-clients-basics-lockdown-canada-life https://www.professionaladviser.com/news/4018655/equity-release-clients-basics-lockdown-canada-life Wed, 5 Aug 2020 10:50:17 +0000 Almost £1bn of equity released in first quarter of 2019 <p><!--summary start--> The equity release sector enjoyed its busiest start to any year on record over the first three months of 2019, according to the latest quarterly figures from the Equity Release Council. <!--summary end--></p> https://www.professionaladviser.com/news/3074734/equity-release-records-busiest-start https://www.professionaladviser.com/news/3074734/equity-release-records-busiest-start Mon, 29 Apr 2019 10:42:00 +0000 L&G sees equity release sales overtake annuities <p><!--summary start--> Legal & General (L&G) has seen the number of equity release sales overtake annuities in the past six months, while the provider reported "minimal disruption" from the uncertainty caused by the EU Referendum. <!--summary end--></p> https://www.professionaladviser.com/news/2463338/-equity-release-sales-overtake-annuities https://www.professionaladviser.com/news/2463338/-equity-release-sales-overtake-annuities Thu, 30 Jun 2016 12:48:00 +0000 Advisers reveal clients still covering up health issues <p><!--summary start--> More than one in four advisers (27%) said they have had clients who risk losing out on the best deals by covering up their health issues in meetings, according to research. <!--summary end--></p> https://www.professionaladviser.com/news/2444384/advisers-reveal-clients-covering-health-issues https://www.professionaladviser.com/news/2444384/advisers-reveal-clients-covering-health-issues Mon, 1 Feb 2016 13:02:43 +0000 FCA to examine equity release market amid reputation concerns <p><!--summary start--> The Financial Conduct Authority (FCA) is considering its regulation of the equity release market amid concerns a "dirty word" reputation has led to an under-functioning market. <!--summary end--></p> https://www.professionaladviser.com/news/2424852/fca-examine-equity-release-market-amid-reputation-concerns https://www.professionaladviser.com/news/2424852/fca-examine-equity-release-market-amid-reputation-concerns Mon, 7 Sep 2015 12:40:00 +0000 Breaking the equity release taboo <p><!--summary start--> Andrea Rozario is on a mission to ‘tackle and destroy' the stigma attached to equity release. She believes it is the only way to ensure the product becomes a mainstream option <!--summary end--></p> https://www.professionaladviser.com/opinion/2418567/breaking-equity-release-taboo https://www.professionaladviser.com/opinion/2418567/breaking-equity-release-taboo Tue, 21 Jul 2015 11:43:11 +0000 FCA bans equity release adviser over £1m covert money transfers <p><!--summary start--> The Financial Conduct Authority (FCA) has banned an equity release and mortgage adviser for making illegitimate transfers totalling £1m. <!--summary end--></p> https://www.professionaladviser.com/news/2412217/fca-bans-equity-release-adviser-gbp1m-covert-money-transfers https://www.professionaladviser.com/news/2412217/fca-bans-equity-release-adviser-gbp1m-covert-money-transfers Tue, 9 Jun 2015 10:32:00 +0000 Bone to pick: Why Martin Lewis has got it wrong on equity release <p><!--summary start--> Andrea Rozario has an equity release bone to pick with Moneysavingexpert founder Martin Lewis after his recent appearance on ITV's This Morning with Amanda and Phil <!--summary end--></p> https://www.professionaladviser.com/opinion/2410315/bone-pick-martin-lewis-wrong-equity-release https://www.professionaladviser.com/opinion/2410315/bone-pick-martin-lewis-wrong-equity-release Wed, 27 May 2015 16:21:00 +0000 Legal & General enters equity release market with £5m Newlife acquisition <p><!--summary start--> Legal & General (L&G) is to buy equity release provider New Life Home Finance (Newlife) for £5m. <!--summary end--></p> https://www.professionaladviser.com/news/2394359/legal-enters-equity-release-market-gbp5m-newlife-acquisition https://www.professionaladviser.com/news/2394359/legal-enters-equity-release-market-gbp5m-newlife-acquisition Mon, 9 Feb 2015 13:41:00 +0000 Blog: Why it's time for advisers to take equity release seriously <p><!--summary start--> Andrea Rozario on the surge in demand for equity release and the opportunities for properly qualified advisers <!--summary end--></p> https://www.professionaladviser.com/opinion/2388731/blog-advisers-equity-release-seriously https://www.professionaladviser.com/opinion/2388731/blog-advisers-equity-release-seriously Thu, 8 Jan 2015 16:15:00 +0000 MGM Advantage buys equity release provider Stonehaven <p><!--summary start--> Equity release specialist Stonehaven has been bought out by annuity provider MGM Advantage. <!--summary end--></p> https://www.professionaladviser.com/news/2322574/mgm-advantage-buys-equity-release-provider-stonehaven https://www.professionaladviser.com/news/2322574/mgm-advantage-buys-equity-release-provider-stonehaven Mon, 13 Jan 2014 13:46:00 +0000 Equity release sales flatline <p><!--summary start--> Sales of equity release products have remained virtually flat in the past year, according to data from Key Retirement Solutions. <!--summary end--></p> https://www.professionaladviser.com/news/2266800/equity-release-sales-flatline https://www.professionaladviser.com/news/2266800/equity-release-sales-flatline Wed, 8 May 2013 15:00:49 +0000 Brokers' five biggest bugbears <p><!--summary start--> It's Emma Mason's job, as business development manager at Blacks Connect, to visit mortgage intermediaries on a regular basis. <!--summary end--></p> https://www.professionaladviser.com/feature/2250492/brokers-biggest-bugbears https://www.professionaladviser.com/feature/2250492/brokers-biggest-bugbears Mon, 25 Feb 2013 16:35:26 +0000 Aviva: 90% of advisers eye equity release for clients <p><!--summary start--> Nine in ten advisers say equity release is relevant to their client bank, according to a new research released today. <!--summary end--></p> https://www.professionaladviser.com/news/2226086/aviva-90-advisers-eye-equity-release-clients https://www.professionaladviser.com/news/2226086/aviva-90-advisers-eye-equity-release-clients Thu, 22 Nov 2012 06:00:00 +0000 FSA: mortgage rules will return 'common sense' to market <p><!--summary start--> The Financial Services Authority (FSA) has published final rules on mortgage selling, convinced they will "put common sense at the heart of the market" and prevent borrowers taking out unaffordable deals. <!--summary end--></p> https://www.professionaladviser.com/news/2219725/fsa-mortgage-rules-return-common-sense-market https://www.professionaladviser.com/news/2219725/fsa-mortgage-rules-return-common-sense-market Thu, 25 Oct 2012 00:27:14 +0000 Rate war will spark remortgage wave, says John Charcol <p><!--summary start--> The proportion of borrowers remortgaging increased to four in ten last month, which could signal the start of a rush as fixed rates continue to fall for home owners with a large deposit, said an adviser. <!--summary end--></p> https://www.professionaladviser.com/news/2197426/rate-war-spark-remortgage-wave-john-charcol https://www.professionaladviser.com/news/2197426/rate-war-spark-remortgage-wave-john-charcol Wed, 8 Aug 2012 11:30:00 +0000 Aviva expands equity release pilot <p><!--summary start--> Aviva is set to expand its equity release pilot scheme, following a successful trial period earlier this year. <!--summary end--></p> https://www.professionaladviser.com/news/2194547/aviva-expands-equity-release-pilot https://www.professionaladviser.com/news/2194547/aviva-expands-equity-release-pilot Thu, 26 Jul 2012 12:20:34 +0000 Equity release: Saving begins at home <p><!--summary start--> Roger Marsden, head of at retirement at Aviva, discusses how to overcome the negative perception of equity release with your clients. <!--summary end--></p> https://www.professionaladviser.com/feature/2194200/equity-release-saving-begins-home https://www.professionaladviser.com/feature/2194200/equity-release-saving-begins-home Thu, 26 Jul 2012 08:00:00 +0000 SHIP relaunches as the Equity Release Council <p><!--summary start--> Safe Home Income Providers (SHIP) will relaunch as the Equity Release Council later this month. <!--summary end--></p> https://www.professionaladviser.com/news/2180279/ship-relaunches-equity-release-council https://www.professionaladviser.com/news/2180279/ship-relaunches-equity-release-council Mon, 28 May 2012 13:40:00 +0000 Five things clients will call you about this week <p><!--summary start--> It's our round-up of the stories your clients may have read in the national newspapers over the weekend... <!--summary end--></p> https://www.professionaladviser.com/feature/2180099/clients https://www.professionaladviser.com/feature/2180099/clients Mon, 28 May 2012 09:45:00 +0000 Fraud Working Group launches ahead of SHIP rebrand <p><!--summary start--> Safe Home Income Plans (SHIP) has launched a group to consider the impact fraud has on equity release, and to offer further protection to consumers. <!--summary end--></p> https://www.professionaladviser.com/news/2174849/fraud-launches-ahead-ship-rebrand https://www.professionaladviser.com/news/2174849/fraud-launches-ahead-ship-rebrand Tue, 15 May 2012 14:01:00 +0000 SHIP appoints new chair of standards board <p><!--summary start--> Safe Home Income Plans (SHIP), the trade body for equity release, has appointed Chris Pond as chair of the SHIP standards board. <!--summary end--></p> https://www.professionaladviser.com/news/2168520/ship-appoints-chair-standards-board https://www.professionaladviser.com/news/2168520/ship-appoints-chair-standards-board Wed, 18 Apr 2012 17:30:00 +0000 More 2 Life increases LTVs on enhanced equity release <p><!--summary start--> The equity release lender is increasing maximum loan sizes by 11% and cutting rates by 0.2%, following a move to increased individual underwriting. <!--summary end--></p> https://www.professionaladviser.com/news/2163620/life-increases-ltvs-enhanced-equity-release https://www.professionaladviser.com/news/2163620/life-increases-ltvs-enhanced-equity-release Fri, 30 Mar 2012 13:18:04 +0000 SHIP hires former shadow pensions minister as chairman <p><!--summary start--> Safe Home Income Plans (SHIP) has appointed Nigel Waterson as its chairman following the retirement of Laurie Edmans, who stepped down after six years in the position. <!--summary end--></p> https://www.professionaladviser.com/news/2159481/ship-hires-shadow-pensions-minister-chairman https://www.professionaladviser.com/news/2159481/ship-hires-shadow-pensions-minister-chairman Wed, 14 Mar 2012 15:50:47 +0000 Partnership raises equity release LTVs by up to 20% <p><!--summary start--> Partnership has upped their loan to value rates to enable clients with health issues to release more equity from their homes. <!--summary end--></p> https://www.professionaladviser.com/news/2151908/partnership-raises-equity-release-ltvs https://www.professionaladviser.com/news/2151908/partnership-raises-equity-release-ltvs Mon, 13 Feb 2012 11:31:36 +0000 Just Retirement new business up 33% <p><!--summary start--> The value of Just Retirement's new business in the six months to 31 December 2011 grew by 32.7% compared to the same period in 2010. <!--summary end--></p> https://www.professionaladviser.com/news/2144401/retirement-business https://www.professionaladviser.com/news/2144401/retirement-business Tue, 7 Feb 2012 10:15:00 +0000 RP Poll: Will great SIPP market consolidation happen this year? <p><!--summary start--> In this week's Retirement Planner quick fire poll we ask: The possibility of SIPP provider consolidation has fuelled industry chatter for many years but will we finally see it happen in 2012, as Suffolk Life predict? <!--summary end--></p> https://www.professionaladviser.com/news/2141142/rp-poll-sipp-market-consolidation-happen https://www.professionaladviser.com/news/2141142/rp-poll-sipp-market-consolidation-happen Wed, 25 Jan 2012 10:21:00 +0000 Head to head: Would you recommend equity release? <p><!--summary start--> Equity release products have been subject to significant debate among industry experts and the media for some time. Charlotte Richards talks to two advisers about the pros and cons. <!--summary end--></p> https://www.professionaladviser.com/feature/2139794/head-head-recommend-equity-release https://www.professionaladviser.com/feature/2139794/head-head-recommend-equity-release Thu, 19 Jan 2012 08:00:00 +0000 Changing times at SHIP <p><!--summary start--> SHIP has undergone an extensive engagement process to ensure it continues to represent the needs of the equity release industry in the best possible way. Helen Morrissey asks director-general Andrea Rozario what these changes mean. <!--summary end--></p> https://www.professionaladviser.com/feature/2139645/changing-times-ship https://www.professionaladviser.com/feature/2139645/changing-times-ship Wed, 18 Jan 2012 16:24:00 +0000 Q&A: Vanessa Owens <p><!--summary start--> LV='s head of equity release speaks to Retirement Planner about winning lifetime mortgages provider of the year at the Equity Release Awards <!--summary end--></p> https://www.professionaladviser.com/feature/2139637/-vanessa-owens https://www.professionaladviser.com/feature/2139637/-vanessa-owens Wed, 18 Jan 2012 14:49:39 +0000 SHIP results anticipate strong 2012 for equity release <p><!--summary start--> SHIP has seen the highest level of lending for two years, according to their Q4 results. <!--summary end--></p> https://www.professionaladviser.com/news/2139737/ship-results-anticipate-strong-2012-equity-release https://www.professionaladviser.com/news/2139737/ship-results-anticipate-strong-2012-equity-release Wed, 18 Jan 2012 14:05:50 +0000 Probe uncovers 'poor' free equity release advice <p><!--summary start--> An investigation into the quality of free equity release advice available through some intermediaries - including IFAs - has uncovered examples of what it deemed poor practice. <!--summary end--></p> https://www.professionaladviser.com/news/2137842/probe-uncovers-poor-free-equity-release-advice https://www.professionaladviser.com/news/2137842/probe-uncovers-poor-free-equity-release-advice Tue, 17 Jan 2012 17:20:00 +0000