IFAs still view equity release with suspicion

The Association of Independent Financial Advisers (AIFA) February IFA Census, claims 57% of respondents cited compliance and a major reason for not advising on equity release products, while a lack of advisers specifically qualified to advise on equity release was a reason given by 36% of those in the survey. Nearly three-quarters of IFAs who discuss equity release with clients refer them to third parties, with the remaining 25% referring clients to another adviser within their firm. Less than 10 % of advisers said a lack of understanding of regulation or of the products was the reason t...