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Ship looks to expand membership to advisers

Equity release provider trade body Safe Home Income Plans has set up a committee to look at the possibility of allowing intermediaries to become members.

Former Aifa director general Paul Smee heads the formation committee. Smee was also chief executive of UK Payments until recently and has previously held posts in the London Stock Exchange, the Association of British insurers and the Independent Television Commission.

An initial review of the committee’s findings will be announced in the third quarter.

Ship director general Andrea Rozario (pictured) says: “With SHIP celebrating its twentieth anniversary this year, it is the ideal time to review what we have achieved and how we can help the industry grow in the future. Clearly the safeguards SHIP insists on are paramount and remain at the heart of everything SHIP does. 

“To this end, we are very pleased that Paul Smee will help to develop a blueprint as to how a broader representative body might work.”

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  1. This is good news and a positive step towards greater individual responsibility and accountability. I still cannot understand why the FSA have delayed their own attempts at implementing this ethos other than the cost it may involve larger institutions to monitor what their staff actually get up to.

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