Testing times

The introduction of regulation to home reversion plans has been universally welcomed by both equity release providers and advisers. Ever since M-day, it has been felt consumers would not be treated fairly if they were not offered the alternative of a home reversion plan at the time of considering their options. However, some advisers and networks were reluctant to promote a product not regulated by the FSA. In order to continue in the equity release sector, home reversion providers and administrators had to become regulated by 6 April this year, and to meet the FSA's requirements there wa...