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Britannic Retirement Solutions calls for full regulation of equity release

Britannic Retirement Solutions is calling for FSA plans for regulation of the equity release market to extend to cash reversion schemes.

The FSA is regulating mortgage-based equity release schemes from 2004 but Britannic says consumers will only feel secure going into equity release if the whole of the sector is regulated.

Britannic Retirement Solutions corporate development director Bob Bullivant says: “The market for this kind of product is enormous, but we want to make sure that no-one will be disadvantaged or caught out by unscrupulous players.”

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