Safe Home Income Plans (SHIP) has appointed Nigel Waterson as its chairman following the retirement of Laurie Edmans, who stepped down after six years in the position.
Waterson (pictured) - who served seven years as shadow pensions minister during an 18 year stint as a Conservative MP - will initially focus on helping the organisation move from a provider focus to one which represents the wider equity release industry. This follows the trade body's extensive engagement process last year.
Andrea Rozario, director general of SHIP said: "SHIP is currently undergoing one of the largest step changes of its 20-year history and we are therefore extremely pleased to appoint a new chairman with the depth and breadth of knowledge that Nigel offers. I look forward to working closely with him over the coming months as we work to launch the new body and actively promote the role equity release can play in retirement planning."
Waterson is also a member of the Society of Pension Consultants and trustee at the International Longevity Centre.
Appetite has suffered since Brexit vote
'Failure to pay attention can result in enforcement'
200,000 LISAs opened so far
From June 2019
11 years since launch of three Chartered titles