ifs launches equity release top-up unit

From 6 April, the sale and marketing of equity release products, including lifetime mortgages and home reversion plans, will be regulated by the FSA and anyone advising on the products will be required to hold an appropriate qualification. The new ‘top-up’ unit will cover the suitability and affordability of different types of equity release products, the advantages, disadvantages and potential risk to consumers associated with taking out such products, and the relative levels of risk for different consumers taking account of their individual circumstances. The ifs is also replacing i...