Safe Home Income Plans has welcomed newest member Retirement Plus into its fold.
The UK equity release industry body granted membership to Retirement Plus at the beginning of June bringing the total number of SHIP members to 20.
Retirement Plus launched in November 2005 and has sought SHIP membership in order to support its ambitious plans for expansion in the equity release sector.
SHIP represents over 90% of the equity release sector and a vigorously enforced Code of Practice and professional Rules of Conduct bind all of its members.
All providers who apply to join SHIP must have products and processes that comply exactly with the SHIP Code and Rules.
This ensures that IFAs and consumers can trust the quality and integrity of products from SHIP member companies.
Jon King, chairman of SHIP, says: We are delighted to welcome Retirement Plus to SHIP.
As the second equity release provider to gain admittance to SHIP in this year this means we have already equalled the total for 2005.
As the criteria for SHIP membership is so strict this is an extremely positive indication that equity release providers are taking their responsibilities to their customers seriously.
Duncan Young, chief executive of Retirement Plus, adds: Retirement Plus has always operated to the highest standard and receiving membership of SHIP is a demonstration of our dedication to product integrity, customer service, honesty and clarity.
We look forward to being an active participant in all SHIPs endeavours in the future.