Invaluable asset: Why advisers are central to equity release

Why advisers are central to equity release

clock

Mandatory equity release advice is not there to patronise but rather assist every customer, writes Andrea Rozario

John Steinbeck quipped in one of his final works that, ‘no one wants advice - only corroboration'. This quote may seem especially pertinent to advisers working in the equity release industry. Many of the clients we serve (but certainly not all!) have thoroughly researched our market, understand the complexities of the different products and feel that they could proceed without professional advice. Upon hearing that advice is mandatory in the equity release industry some clients respond with emotions ranging from incredulity, frustration to outright anger. So, for those customers...

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

Join

 

Already a Professional Adviser member?

Login

More on Equity release

Later life lending products – a greater consideration post-Budget?

Later life lending products – a greater consideration post-Budget?

Range of lifetime mortgages available has broadened beyond the traditional

Sanjay Gadhia
clock 15 October 2024 • 5 min read
Royal London acquires later life lender Responsible Group

Royal London acquires later life lender Responsible Group

Mutual purchases remaining stake in later life lending group

Jenna Brown
clock 23 November 2023 • 1 min read
Equity release activity up 26% year-on year

Equity release activity up 26% year-on year

‘Continued return to pre-pandemic market growth’

Julia Bahr
clock 02 August 2022 • 4 min read