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Equity release given boost by CII

A new Certificate in equity release from the Chartered Insurance Institute has been accredited by the examinations regulator the Qualifications & Curriculum Authority.

It is designed to help advisers and brokers meet the new regulatory requirements for lifetime mortgages and home reversions.

This comes ahead of regulation of home reversions that begins on April 6, and comes at a time when the market is crying out for more advisers to get qualified and selling the products.

CII deputy director general Bob Bullivant says: “The FSA stipulates that existing advisers have two years from April 6, 2007 in which to pass the home reversion top-up. We have moved extremely quickly to develop a solution to enable advisers to meet the FSA requirements well within that period.

“Consumers deserve the best possible advice and I would encourage all advisers involved in equity release to get their knowledge up to the required levels as a matter of urgency.”

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