Safe Home Income Plans (SHIP) has launched a group to consider the impact fraud has on equity release, and to offer further protection to consumers.
The trade body has established the Fraud Working Group to bring together SHIP members, advisers and solicitors to combat fraud and create good practice guidelines to raise standards. This comes ahead of the trade body's re-launch as a new organisation to represent the entire equity release industry in the next few weeks. Their aims will be to assist with the early identifications of organisations involved in suspicious activity, the establishment of new communication channels and to support initiatives to prevent fraud in the sector. Andrea Rozario, director general of SHIP, said: ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes