Amanda is a member of the Equity Release Council which is put in place for your protection and peace of mind. Equity release advisers will soon be able to benefit from a development programme launched by the Equity Release Council, which could include being teamed up with a mentor. The Equity Release Council (ERC) has updated its checklist for advisers to include extra focus on vulnerable and remortgaging customers as well as those consolidating debt. Toggle navigation. Latest News. The Equity Release Council (the Council) has launched a Best Practice Guide to complement its Checklist for Advisers and support firms when discussing and documenting customer needs. The Equity Release Council has published a ‘best practice’ guide for advisers to ensure consumers receive a quality service and that case files capture sufficient details. The Equity Release Council stated the list does not replace a full fact find or suitability letter but will help brokers assess customer suitability for equity release. Preferred clients Minimum mortgage value £0 Advice methods Telephone Online (Live chat, video, email) Face to face Croft House, 21D, Station Road, Knowle, Solihull, B93 0HL Similar advisers near you The Right Broker Mortgage Broker 0.19 mi. 26/04/2019 • 0; At its AGM this week, the Equity Release Council (ERC) confirmed plans to review the advice competency framework for brokers entering the market for the first time. There is a great deal of choice. It covers the most significant points to consider in the advice process and when you’re assessing the customer’s suitability for equity release. Keep your clients safe from investment scams. The Equity Release Council has launched a Best Practice Guide to complement its Checklist for Advisers. The Council's adviser checklist has been expanded from 12 to 24 points. When you seek equity release advice, your adviser will explain the difference between the products and recommend the best option for you. Later Life Equity Release Council expands adviser checklist. We’ve put together a checklist of what we think makes a good adviser. The detailed guide has been produced by the Council’s Standards Board, drawing on decades of experience from expert adviser members representing a variety of firms in the market. The Equity Release Council has expanded its checklist for advisers on what to consider during the advice process and the assessment of a client’s suitability for equity release. Council publishes Best Practice Guide for advisers. I provide a FREE consultation by safe home visit, phone, or zoom, so please do call me now! The guide has been produced by the council’s standards board, drawing on decades of experience from expert adviser members representing a variety of firms in the market. The Equity Release Council (ERC) has updated its adviser checklist, highlighting some of the most important factors to consider during the advice process to ensure its rigorous standards are met. The Equity Release Council has launched a Best Practice Guide to help advisers ensure they cover all bases when speaking to clients and documenting their needs. The Equity Release Council. No Negative Equity Guarantee As a member of the Equity Release Council, we offer a 'No Negative Equity Guarantee'. The following is a set of Rules & Standards which apply to all Equity Release Council Members. The Equity Release Council has launched a Best Practice Guide… - Read More . The Equity Release Council has made an update to a key safeguard that highlights some of the most important factors to consider during the advice process and ensures its standards are met. Equity Release Council We’re a member of the Council and therefore offer additional features to safeguard our lifetime mortgages. Therefore choosing the right adviser is important. Adviser members of the Equity Release Council will have access to accredited training as part of a partnership with the Later Life Academy from April. The updated checklist was issued to adviser members following a review by the council’s standards board, informed by conversations with major stakeholders over several months. The projects, announced at the Annual General Meeting (AGM), include a competency framework to guide industry professionals on the journey from entering the market to competent … The Equity Release Council (ERC) increased its checklist for advisers from 12 to 24 points with an extra focus on vulnerable customers and those who are remortgaging. 17 Nov 2020. Equity Release Council – Our Rules and Guidance – Introduction. Property Market; Firms & People; Organisations; Insight; Fraud; See All; Equity Release Council publishes Best Practice Guide for advisers . Equity release advice can save you money. Subscribe To Our FREE Weekly Newsletter. You will need to share a lot of information with your adviser and feel comfortable asking questions. Our national team of equity release advisers would be more than happy to meet you in the comfort of your own home or talk more over the phone - you choose whichever suits best. Read more. Originally launched in 1991, the Equity Release Council (ERC) is an organisation that is supported by the leading providers of equity release within the UK. Half of women approaching retirement are worried about running out of money in later life. We’ve had several reports of fraudsters using bonds and ISA products to target people looking for a better return on their money. More about the Equity Release Council . Member brokers will be required to follow the guidelines from January 1 2014 but chairman Nigel Waterson stated most advisers will be well equipped to handle the changes. The Equity Release Council is urging to advisers to ‘respectfully and robustly’ challenge clients’ motivations when looking for lending solutions in its new Best Practice Guide, published today. If you’d like to talk to us about equity release, there’s no one better to speak to than your local Equity Release Supermarket adviser. A new Checklist for Advisers has been issued to adviser-members following a review by the Council… The Equity Release Council has launched initiatives to help new and existing practitioners in the growing equity release market, and is discussing the options of future vocational qualification programmes. Checklist for Advisers APPENDIX C 1 Appendix C – Equity Release Council - V9.2 – May 2020 This updated guide is designed to provide you with direction when you are advising customers on equity release. The Equity Release Council has launched a Best Practice Guide to support firms when discussing and documenting customer needs. Each rule is accompanied by a set of guidance or activities which will help a member firm demonstrate compliance with the rules. The Equity Release Council has published a Best Practice Guide to complement its checklist for advisers and support firms when discussing and documenting customer needs. News. Equity Release Marketing Hub A variety of materials and content which will help you stay up-to-date with the latest trends in the lifetime mortgage market. Read more. Equity Release Council – Checklist for Advisers Best Practice Guide 09 Dec 2020 / in News & Training / by Nicola Malone The new guide can be read by clicking on the below link. Featured Documents ERC best practice for appendix C adviser checklist v9.3 At 55 Plus Equity Release, we always act in our clients’ best interests; we will only recommend equity release if we believe it is a good option for them, and we scour the market to find a product that most closely matches their personal circumstances. He joined from Reform think tank, where he was Deputy Director and Head of Research. If you are keen to investigate equity release, how to choose your equity release adviser? Putting our equity release clients first . More about the Equity Release Marketing Hub. Equity release mortgages are now more robust than ever following the Equity Release Council’s decision to expand its checklist for mortgage advisers – a guide to help mortgage brokers decide whether or not an applicant is suited to an equity release product – from 12 to 24 points. The Equity Release Council has launched a Best Practice Guide to complement its Checklist for Advisers and support firms when… - Read More . I’ve served Equity Release clients for over 15 years. The Equity Release Council (the Council) has launched a Best Practice Guide for advisers to complement its Checklist and support firms when discussing and documenting customer needs. The detailed guide has been produced by the Council’s Standards Board, drawing on decades of experience from expert adviser members representing a variety of firms in the market. Our latest Adviser Barometer survey shows that the overall picture is one of resilience, pragmatism and above all, a willingness to adapt working patterns as and when necessary . It was created to promote safe equity release products and to safeguard the interests of homeowners. Our Equity Release Knowledge Hub is full of reports and documents from both the Council and the wider Sector. Dec 11, 2020 ; Insight. In the guide extra focus is put on customers who may be vulnerable such as having physical or mental health issues, bereavement, divorce, emotional or financial issues, poor literacy or numeracy. Equity release is just one option in retirement financial planning and our role is to ensure that all alternatives are reviewed to ensure that you receive the best advice to achieve your goals. Jim Boyd, Chief Executive Office, the Equity Release Council Jim was appointed CEO of the Equity Release Council in June 2018. Adviser members must now complete an extended checklist, which has been increased from 12 to 24 points. All members are required to be aware of and comply with the full set of rules. 2. Prior to this he was an Expert Adviser at the Department for Work and Pensions, initially supporting Lord Freud, then Welfare Reform Minister. Equity Release Council proposes refreshed adviser competency framework by: Victoria Hartley. The Equity Release Council has introduced a Best Practice Guide to sit alongside its Checklist for Advisers and support firms when discussing and documenting customer needs. It also publishes an adviser checklist detailing 13 of the most significant points to consider in the advice process when assessing any customer’s suitability for equity release. 9 Dec 2020 . 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