View more on these topics

Equity release gains popularity, says IFAP

IFA Promotion has revealed that almost 2,000 IFAs now list lifetime mortgages as an area of specialism.

This figure has increased almost constantly for the last two years and, IFAP says as more people start to explore ways to supplement their pensions, this trend is likely to continue.

In 2006 alone, over 13,000 people used the search criteria to find a local IFA who offers independent advice on lifetime mortgages and equity release.

IFAP spokeswoman Karen Barrett says: “In the winter months many older people have to address factors influencing their home such as heating and electricity which may result in having to review their financial situation. The possibility of releasing equity in their home could well be on the agenda along with other elements of retirement planning.”

Prudential director for lifetime mortgages Ali Crossley says: “A 90 per cent increase in the number of advisers obtaining the CF7 qualification – for lifetime mortgages – is extremely encouraging, however the current overall number of equity release advisers in the market is still not meeting consumer demand.

“Datamonitor predicts that the equity release market could reach £3 billion over the next 5 years, though if the number of advisers coming into this market doesn’t continue to improve, it will not realise its true potential.”


Halifax pledges to continue general trail cash

Halifax General Insurance has pledged to continue to pay trail commission on home insurance or accident, sickness and unemployment insurance policies.It follows the decision of HBOS’s former subsidiary Paymentshield, which was sold to Towergate at the end of last year, to stop paying trail commission to brokers that are no longer regulated to sell such […]

Mortgage advisers ‘demoralised’ after FSA probe

The FSA’s attack on the mortgage sector following its quality of advice probe has left advisers feeling demoralised and nervous.The Mortgage Practitioner sole trader Danny Lovey says most brokers are doing the best for their clients.He is disappointed that the regulator has lashed out at advisers over their mortgage recommendations when such decisions are subjective […]

Happy while you work

Well we’ve had scorching weather (yes even up here in Scotland!) and now the Euros 2016 are on – you can’t blame people for wishing life was just one big holiday.  With all these distractions it sometimes feels like work just gets in the way of having a good time! But sunny day skivers are […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm