View more on these topics

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 www.thepfs.org and is open to all members of the PFS and the Society of Mortgage Professionals.

Recommended

Now it is the banks’ turn to bite bullet

The editorial of May 8 was a balanced, comprehensive and insightful view, except for the first sentence. IFAs will always will be under a clear and present danger with regulation in its current form. That does not have to be a lament, merely a recognition of the facts. Bear in mind that, under Howard Davies, we had depolarisation. It would appear that we are now to have polarisation back again.

Thumbnail

Employer iPMI responsibilities could continue to escalate, says Jelf

New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment