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PFS offers support with equity release

The Personal Finance Society has created a member support package for advisers who offer equity-release products.

The package includes information on compliance, terms of business and business monitoring.

The PFS says it is an initiative for equity-release advisers aimed at improving confidence in the market.

Chief executive Tim Eadon says encouraging more advisers to offer excellent advice, means that consumer confidence in equity release will improve.

Eadon says: “The equity-release market should be much bigger than it is but it had a very rocky start and a somewhat tainted image. As a result, some advisers are still reticent to discuss this aspect of financial advice with their clients.

“In a world where people are living longer, property values have grown while pensions have declined and there is clearly a need for good advice on the issue of income in retirement. In that context, equity release cannot and should not be ignored.”

Access to the support service is available via the PFS website at and is open to all members of the PFS and the Society of Mortgage Professionals.


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