SHIP appoints new chair of standards board

clock

Safe Home Income Plans (SHIP), the trade body for equity release, has appointed Chris Pond as chair of the SHIP standards board.

Pond (pictured) - who was head of consumer affairs at the FSA for over three years - will be responsible for implementing SHIP standards and consumer protection as the organisation opens its doors to the wider equity release industry. He said the maintenance of consumer protection is "essential" to give people the "confidence they will be treated fairly" if they consider using equity release to fill the increasing gap in retirement incomes and long-term care funding. Pond, who was also MP for Gravesham between 1997 and 2005 and a work and pensions minster, said he was looking forward ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Equity Release

Industry Voice: Using equity release as a source of funds

Industry Voice: Using equity release as a source of funds

Matt McGill, Equity Release Director at Aviva
clock 25 April 2022 • 4 min read
ERC brings back face-to-face legal advice requirement for members

ERC brings back face-to-face legal advice requirement for members

'Customer safeguards and protections'

Julia Bahr
clock 19 April 2022 • 3 min read
Equity release activity up 24% year-on-year to £4.8bn

Equity release activity up 24% year-on-year to £4.8bn

Returned to growth for first time since 2018

Julia Bahr
clock 25 January 2022 • 3 min read