Equity release 'no miracle cure', advisers warned

Dean Mirfin, business development director at Key Retirement Solutions (KRS), says many firms are going to the expense of acquiring training in equity release business without having enough leads to make it worthwhile. Announcing improvements to his own firm's referral partner service, Mirfin says many firms may benefit from a partnership approach to equity release business. "I think some firms saw equity release as a miracle cure to the problems stemming from the financial crisis, but we must remember the market has fallen 14% over the past year," he says. "Some firms have spent mone...