As more people look at equity release as a way of funding retirement there is an increased responsibility on the adviser to ensure they provide the best quality advice. Daren Carter highlights the key aspects advisers need to be aware of
Every adviser knows the importance of good advice, and with no product is this more the case than equity release. The primary reasons for this are twofold; firstly, the age and hence, possible vulnerability of the client. Secondly, it should be considered, for all intents and purposes, an irrevocable decision which will impact what is likely to be the most valuable asset any person has, their home. For these reasons it is imperative that a customer fully appreciates the implications of the decision they are taking. It is nigh on impossible to achieve this over the telephone and face-to-fa...
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