A little TLC for customers

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Dominic Fraser-Smith discusses the implications of the new FSA Treating Customers Fairly (TCF) deadlines for equity release

The equity release market has grown significantly in recent years. At the end of 2007 the total number of equity release plans sold by SHIP members is expected to have reached £1.279 billion. As this awareness and confidence continues to grow, the equity release market is set to increase significantly again in 2008. The recent full regulation by the FSA to include home reversions means that there has never been a safer time for consumers to consider equity release. The FSA is looking to make further improvements to the whole financial services industry including equity release through the...

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