What does an adviser need to know?

Advising on equity release for the first time is a daunting prospect for many advisers, but is potentially a worthwhile and growing area to consider diversifying into. The sector will invariably grow driven by changes to circumstances of the older generation, such as: • Shortfalls in pension provision, caused by many contributing too late and not enough, below expected fund performance and falls in annuity rates, and reduction in state provision; • Inflation and rising bills meaning it is very difficult for many to make ends meet; • Desire to live well in retirement, with many wish...