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BSA welcomes move to regulate home reversion

The Building Societies Association welcomes the move by the Treasury to bring home reversion under the scope of FSA regulation.

Press officer Rachel Blackmore says: “This is a sensible move and will be welcomed by the industry and consumers alike as it offers vulnerable consumers protection.”

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The Consumers&#39 Association has vowed to remain vigilant to ensure consumers get the best possible protection when entering home reversion schemes and called for a cautious approach. Responding to news that the schemes are to be regulated CA senior policy advisor Laurence Baxter says: “This is a great day for consumers. The Consumers&#39 Association is […]

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