Norwich Union has welcomed the latest equity release figures released by Safe Home Income Plans (SHIP) and says the results highlight efforts by SHIP members to improve their consumer offering.
Elizabeth Boardall, head of marketing for Norwich Union Post Retirement Products, claims that the FSA decision regulate Home Reversion schemes in April has also helped improve the image of the industry. She says: “Following the regulation of Home Reversion schemes in April this year, equity release as a whole is now fully regulated by the FSA. This seems to have given many consumers the reassurance they need in order to consider taking out an equity release scheme.” Norwich Union is hopeful that SHIP’s introduction on 1 August of compulsory examinations for all advisers conducting busine...
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