Jon King highlights the need for more flexibility if the equity release market is to evolve
SERA, the Society of Equity Release Advisers, launches today.
The negative reputation of equity release remains the top concern for advisers recommending the products, according to the Hodge Lifetime IFA Confidence Report.
Safe Home Income Plans (SHIP) has reported a 22% year-on-year fall in business volumes despite a 5% increase in new customers in Q2 2009.
Andrea Rozario, a founder of equity release IFA firm Rozario Harris and Co, is to become the first full-time director general of Safe Home Income Plans (SHIP), the industry body for the equity release sector.
There is still a shortage of access to high quality financial advice on the equity release market despite increased consumer demand, suggests the organisation backing growth of the sector.