The Equity Release Advisory Service franchise is to be rebranded Equity Advice and is launching a training centre for brokers looking to enter the market.The “centre of excellence”, to open in September, aims to provide brokers with education on the market and allow them to sit an exam. The launch comes in the same week as Key Retirement Solutions set up Lifetime Advisory Services to encourage more brokers into the market. EA head Stuart Wilson claims the two services are similar, although he insists EA will take the liability if an adviser “gets it wrong”. Advisers will be put through an induction course to determine their skill level. Wilson says: “Advisers will be supported through an individual business growth strategy on an ongoing basis. This market needs a quality mark and we intend to set it as high as we can.” Prudential has also revealed it is introducing an equity-release sales team of 20 to visit clients at home from October.
Despite the decline in equity markets over the second quarter, we believe economic fundamentals and valuations within global markets remain very reasonable.
The Council of Mortgage Lenders believes repossessions will soar this year because of the boom in specialist lending.
After more than a year immersed in the glamorous world of regulation I find myself lured towards pensions, like the proverbial moth to a flame. But blinded by the light on my second day as pensions reporter, I also find myself flapping around without any juicy stories to speak of. So bear with me just this once and please pretend that painful analogy didn’t happen.
The Tenet Group is submitting its protection arm Premier and compliance support subsidiary Tenet Support Services for FSA regulation. The company says that although this is not a requirement for these parts of its business, it wants the additional stamp of credibility and authority that it believes regulation will bring. Tenet Group chief executive Simon […]
Trevor Greetham, Head of Multi Asset In a marked contrast to the surge in risk sentiment that followed President Trump’s election in November, markets greeted Emmanuel Macron’s victory in the French presidential election with satisfaction and relief, rather than euphoria. After rallying strongly on opinion polls that accurately predicted the outcome, the euro held onto […]
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