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Sesame sets out equity-release guide with wave of firms poised to move in

Sesame is publishing an equ- ity-release booklet for members to give to clients with an expected wave of new providers moving into the market.

The guide has been produced in response to mounting concerns about equity-release business which have been compounded by the FSA investigation in May.

Equity Release Solutions, the referral service set up by Sesame, has produced the guide, which is aimed at advisers who want to deal with clients in this area but are either not authorised to do so or do not want to take on the additional risk of writing this type of business.

Sesame has been talking to providers planning to offer equity-release products and believes there will be around 13 providers in the market by October. Prudential, Halifax and Australian provider Bluestone are all known to be looking at moving into the sector.

Sesame head of complex advice Tim Eadon says: “Increasing regulation and complexity have dissuaded many advisers from this area. This is very much consumer-led but there is a degree of concern from IFAs, which is why we are launching this service.”

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