This indicates a sustained new period of growth for the sector and strong interest continues from the media and consumers, underlined by a number of large household names in the financial services sector moving into the market. He joined from Reform think tank, where he was Deputy Director and Head of Research. However, despite this decade growth, last year saw the equity release market saturate, with lending volumes remaining largely unchanged since 2018 … CONTACT US. Prior to joining Age Partnership, Dan worked in private healthcare with laser eye specialist, Ultralase, where he performed turnaround management for troubled business units. Thus equity release is particularly … Previously he was Managing Director at fixed-term annuity pioneer Living Time (now called Primetime Retirement). Following a successful period of growth which culminated in the sale and new ownership of Key Group in the summer of 2017, Will was appointed CEO of the advice arm of the business, Key. Registered Office: Genesis Centre, Science Park South, Birchwood, Cheshire. To understand their features, benefits and risks, please contact Equity Release Supermarket for a no obligation, personalised, key facts illustration. Equity Release Council sets out guidance to deliver more ‘personalised’ advice 9th December 2020 Leave a comment 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. ©2020 Equity Release Council. WA3 7BH Registered in England & Wales. The Old Rectory Call us free on 0800 141 3517 to discuss your options. Tel: 0161 804 2110 Access Equity Release can help you free up funds without having to move home. 1. Email … More than half of equity release products allow customers to either downsize to a different property and repay their equity release plan in full, either … equity release today does not provide advice on equity release products and acts only as a referral partner for fca approved equity release advisers, who are authorised to give advice on equity release by the financial conduct authority. Think it over. 12-14 Shawâs Road Altrincham England WA14 1QU. The Council builds on this unified voice of its members, while remaining independent from the specific views of individual member firms or particular segments of the equity release market. Currently there are nine members elected from within the membership by the membership on a cycle of two year terms of office, and there are four directors that have been appointed by those elected to serve to oversee the running of the Council, which include the Chairman, the Chief Executive Officer, the Standards Board Chairman and the Chief Operating Officer. If you'd like to speak to someone about how much you could release go to our contact section. Subject to a set of Articles of Association, the directors appointed to the Main Board of the Equity Release Council are responsible for the management of the Council’s business. The equity release industry is growing fast and as its dedicated trade association, so are we! Equity release activity makes a steady return in Q3 with 10,351 new plans agreed. Data Protection Act Registration Number … Contact Details: ian.npwa@gmail.com. If you are in doubt, seek specialist advice. Dan was appointed managing director of Age Partnership Group’s support network for independent equity release brokers, Equity Release Associates, in 2020. To discuss an equity release mortgage, contact us today on 0333 000 2097. EQUITY RELEASE COUNCIL. A major focus of the Equity Release Council’s work is to ensure that products are safe and accessible for consumers. Jim has extensive experience of retirement and social care funding having led the Corporate Affairs functions at specialist life assurers Britannic Retirement Solutions, Just Retirement and Partnership Assurance. Equity release is, in a nutshell, a way to unlock the value of your property and turn it into a cash lump sum. Claire leads the team at Legal & General Home Finance (LGHF) – one of the UK’s leading providers of later life borrowing. You should choose a product from a company that is a member of the Equity Release Council. Equity Release Council For your safety, we only work with providers who are registered with the Equity Release Council, the recognised industry body for equity release. Jim is a former tax and trusts lawyer. Tom joined Canada Life (then trading as Stonehaven and later as Retirement Advantage) as Finance Director in June 2011 and was subsequently appointed as Managing Director of the home finance business in September 2014. We’ve compared equity release providers below to help borrowers decide if they prefer to use a high street name or a specialist lender. 07368 201057. Her responsibilities include overseeing the governance and operational day to day delivery of the Equity Release Council, including the development of its membership propositions, and oversight of a key committee focused on conduct risk. The Equity Release Council has published a âbest practiceâ guide for advisers to ensure consumers receive a quality service and that case files capture sufficient details. Chief Operating Officer, Equity Release Council. The mortgage is usually repaid from the sale of your home when you die or move permanently into residential care. The Equity Release Council, formerly Safe Home Income Plans is a company limited by guarantee and registered in England No 2884568. He is an adviser to the Intergenerational Longevity Commission-UK, a leading longevity, ageing and population change policy unit. 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. Jim Boyd, Chief Executive Office, the Equity Release Council Jim was appointed CEO of the Equity Release Council in June 2018. *We offer lifetime mortgages from the whole of market from lenders approved by the Equity Release Council. Figures published recently by the Equity Release Council suggest that the number of borrowers entering into ERMs, and the cumulative value of these new mortgage plans, was higher in 2018 than it has been in the past ten years. The FCA reference number of Equity Release Scotland is 923455. Managing Director, Equity Release Associates. Importantly, 2019 saw a record year for both the industry and growth in Council membership. Prior to joining Canada Life, Tom has 10 years financial services experience in Blue Chip companies, including Ernst & Young LLP, and Phoenix Group Insurance. Unlock Some Of The Value In Your Home With A Tax Free Lump Sum Using Our Free Equity Release Calculator. Matt is a Board member of Hodge, a Trustee of The Aloud Charity and a Fellow of the Institute of Chartered Accountants for England & Wales. His depth of experience and expertise has enabled him to make a major contribution to expand KR Group’s manufacturing and distribution relationships, translating consumer insight into innovative new products with backing from multiple funding partners. The Equity Release Council published figures that showed the amount in property wealth accessed by older homeowners increased from £945.97m in 2009 to £3.92bn in 2019. Chief Executive, Retirement Bridge Management Limited. The number of new equity release plans agreed in Q3 2020 was 10,351, an increase of 41% from the previous quarter, according to the Equity Release Council (ERC). These plans are regulated by the FCA and meet the Equity Release Council standards, incorporating a no-negative equity guarantee. No Negative Equity Guarantee As a member of the Equity Release Council, we offer a 'No Negative Equity Guarantee'. All of our members have agreed to abide by the Council rules and have signed up … Step 2. Born from an expansion of the remit of SHIP (formerly Safe Home Income Plans). Each member of The Council that provides equity release products is signed up to the Equity Release Council’s Statement of Principles which puts in place a number of safeguards and guarantees for … Company No. In February 2019, Equilaw attracted a multi-million pound investment from private equity house, BGF and the team is now focused on continuing to provide expert, accessible and convenient service throughout England and Wales, but with a heavy emphasis on the use of the latest technology. The Council works to secure widespread awareness of the role housing equity can play in later life, whether that be funding of care, support family members, or simply to achieve lifestyle enrichment, and peace of mind. During this time, he was first a Councillor in Enfield and then Member of Parliament for Enfield Southgate between 2005 and 2017. The equity release council is a trade organisation that represents the equity release industry. Her responsibilities include overseeing the governance and operational day to day delivery of the Equity Release Council, including the development of its membership propositions, and oversight of a key committee … There are two models, face to face and telephone advice, both aimed at protecting the interests of the customer leading to the most appropriate and correct solution for each … How has the Equity Release Council helped consumers? Compare Equity Release Rates & Providers. Members of the Equity Release Council … ... Also the number of people using equity release to … He joined Just in 2014 after a 17-year career at Swiss Re. Each member of the Council that provides equity release products is signed up to the Equity Release Council's Code of Conduct which puts in place a number of safeguards and guarantees for consumers. Membership at Equity Release Council Our Membership Hub represents the interests of 90% of the Equity Release sector. Previously Will has performed senior distribution and proposition development roles focused on the at and in retirement market working across the UK life insurance, fund management and investment banking sectors. Claire is passionate about maintaining the highest standards for Equilaw’s clients and has sought to assist solicitors nationally by helping to re-write the Rules and Guidance for lawyers during her time on the Equity Release Council’s Standards Board, of which she has been a member since its inception. 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. Lines open: Mon-Thurs 9am-8pm, Fri 9am-7pm, Sat 9am-5pm. You have two options to contact us. No Negative Equity Guarantee As a member of the Equity Release Council, we offer a 'No Negative Equity Guarantee'. Call free today on : 0800 633 55 66 Access expert advisers over the phone. ... Members of the equity release council. Paul has held senior roles with some of the sector’s leading players, via stints with Cavendish, Prudential and Aviva, and is now committed to adding Pure Retirement to his lengthy list of recent successes. These standards and safeguards have allowed the sector to grow, giving financial advisers and their customers confidence in the products, dispelling myths about equity release, and educating the public about the potential to access the wealth in their home for a variety of uses. Equity release will affect potential inheritance and your entitlement to means-tested benefits both now and in the future. Equity Release Loans is a free service that connects you to Financial Advisors regulated by the Financial Conduct Authority (FCA). Check that your chosen plan will meet your needs if you want to move or sell your home or if you want your family to inherit it. ... Find contact information below. A major focus of the Equity Release Council's work is to ensure that products are safe and accessible for consumers. You borrow money secured against your home. Even if the future value of your client's home is less than the amount they owe, their estate will never be left with a debt from our lifetime mortgage products when your client dies or goes into permanent … The FCA reference number of Britannia Financial (UK) Ltd is 776344. Standards Board Committee Chairman, Equity Release Council. However, we have temporarily relaxed this rule and brought in a number of checks and balances to allow an equity release case to proceed without the client meeting a solicitor in … Despite this growth, Q3 remained 9% down year-on-year, from 11,419 in Q3 2019, and was the second slowest quarter ( after Q2 2020 ) … With a growing number of different Equity Release products and plans now available, having the … The Old Rectory Guaranteed right to stay in your property David championed social justice and consumer protection and led campaigns on issues affecting elderly people. All Rights Reserved. Contact us; Accessibility … Equity release is a means of retaining use of a house or other object which has capital value, while also obtaining a lump sum or a steady stream of income, using the value of the house.. Liongate Wealth is a trading name of William Voegt, who is an appointed adviser of Frog Financial Management Ltd. (Member of The Equity Release Council), who is registered in England and Wales with Registration Number 8313431. The FCA reference number of Britannia Financial (UK) Ltd is 776344. the information on this website is intended for guidance purposes only and does not … Or if you prefer, you can request a free guide that tells you everything you need to know about equity release. Equity Release Council Telephone: 0300 012 0239 Calls will be returned within 72 hours. The "catch" is that the income-provider must be repaid at a later stage, usually when the homeowner dies. +44 (0)20 7112 8821 ©2020 by Liongate Wealth. David served as Parliamentary Private Secretary to three Cabinet Ministers and sat on the influential Home Affairs and Public Accounts Select Committees and was also Shadow Justice Minister from 2007-2010. Claire has worked as a solicitor in property law since qualification, some twenty years ago. You can do this via a number of policies which let you access – or 'release' – the equity (cash) tied up in your home, if you're 55+. Claire and two partners carried out a management buyout in 2010 and recreated Equilaw in its current guise in May of that year. Managing Director of the Aviva Retirement business in the UK covering Individual Annuities and Equity Release, Chief Executive of the Equity Release Council. Will joined Key Group in March 2014 from specialist annuity provider Partnership, where he was Director of Corporate Development. He is Chief Executive of the Retirement Bridge Group, a long-term investor specialising in providing home reversion plans (including Bridgewater Equity Release) and supplying third party servicing of home reversion plans to other investors. ©2020 Equity Release Council. Church Lane Thornby Matt Burton is the Managing Director of Mortgages for Hodge Bank which specialises in later life lending. 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