The government has a duty to make the benefits of equity release clearer to encourage more advisers to accept it, according to speakers on IFAonline TV.
Speaking on the latest edition of IFAonline.tv - entitled the Great Homeowner Debate - Jan Holt, head of sales in the lifetime mortgages division at Prudential, says consumer confidence in equity release is growing after the introduction of mortgage regulation but she warns IFAs are still not proactively accepting it. She believes the industry faces an advice challenge over how to utilise an asset without selling it on. Ray Boulger, senior technical manager at Charcol, says the information on equity release is available for advisers but suggests they are concerned about whether the rewa...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes