Pensions - Articles - Comment on Equity Release Councils new competency framework


Legal & General comments on the Equity Release Council’s new competency framework

 Claire Singleton, CEO of Legal & General Home Finance: “The equity release sector has transformed in recent years, with more choice, better rates and improved consumer protection. The continued raising of industry standards has been a big factor in this shift, so it is great to see the ERC launch a new competency framework to help guide advisers.
 
 “Property wealth is becoming more and more important to people when they plan their retirement. The framework will be a useful resource for advisers to help them provide high-quality, consistent advice to all consumers, which is in line with regulatory requirements and the Council’s additional standards.

 “We know that the financial difficulties caused by the COVID-19 pandemic have left many people re-thinking their retirement plans.

 Releasing equity from their homes could give some people more options and flexibility to their planning, so it’s important that advisers are able to help homeowners consider equity-release as a product and ensure they understand it fully.”
  

Back to Index


Similar News to this Story

31 is the magic number for pension engagement
Many people actively engage with their pension by 35 and over a third (35%) started planning for their retirement before turning 30. Beginning pension
Lack retirement confidence as cost of living bites
New research from PensionBee reveals that September is a pinch point for household budgets, with rising bills leading many to reconsider their long-te
Professional trustee market matures but growth slows
LCP’s latest and fifth annual survey on the Professional Trustee and Sole Trustee market – LCP Sole Mates highlights that while growth has slowed in t

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.