AMI produces equity release guidance

The notes aim to assist firms who are considering entering the market to understand all aspects of the advice process, regulatory requirements and legal considerations. For those already in the market, the notes can be used to identify any areas which may be being overlooked or not given adequate attention. They cover both lifetime mortgages and home reversion plans, which become FSA regulated in April this year. Rob Griffiths, associate director of AMI, says: “The equity release market is seen as ‘high risk’ by the FSA as it believes there is a greater chance of consumer detriment...