A new certificate in equity release from the Chartered Insurance Institute has gained approval from the exam regulator, the Qualifications & Curriculum Authority.
The certificate is designed to help advisers meet the new regulatory requirements for lifetime mortgage and home reversions, which require anyone advising consumers or overseeing the non-advised sales of home reversions to pass an appropriate exam. It is made up of the following exam units: CF1 – UK financial services, regulation and ethics; CF6 – mortgage advice; CF7 – lifetime mortgage activities; and HR1 – home reversion plans. Last month the CII announced it had fast-tracked the development of a home reversion top-up unit for holders of its CF7 exam, and it has now gained ...
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