Advisers who transact a mere handful of equity release cases a year pose a risk to the market and could find themselves under scrutiny from the regulator, a specialist has claimed.
Key Partnerships, the specialist referral service linked to Key Retirement, said a lack of public information on the equity release market meant those who do not specialise in the products found it difficult to properly research the market and inadvertently put their clients at risk. Director Will Hale suggested the Financial Conduct Authority (FCA), which had last September begun to examine the sector, was aware of the potential problem. He said: "FCA feedback so far has been that it is very comfortable with how the market is operating in general. The advice process and outcomes are ...
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