SHIP to hold debate over the future for equity release

Safe Home Income Plans and international law firm Eversheds are joining forces to host an industry debate on what the future holds for the equity release market.

The event is hoping to spark debate between supporters and critics of equity release and will be hosted by Paul Lewis, who presents the Money Box programme on Radio 4.

Debate will focus on topics including ‘the future of the equity release market’ and ‘is equity release really the solution to the pensions crisis?’

Speakers at the event in Central London include Andrea Rozario, director-general of SHIP and Teresa Fritz, principal researcher at Which?.

Which? hit out at the equity release market last year branding it as a last resort and advising consumers to treat the sector with caution.

Other featured speakers include Kathryn Roberts, leader of the equity release team at Eversheds, and Derek Handley, chief executive of specialist financial services group Seniors Money International.

Andrea Rozario, director-general of SHIP, says: “Now is the ideal time to hold this type of debate as it gathers together the important stakeholders and encourages them to air their thoughts about this industry going forward.”

Kathryn Roberts, partner and equity release specialist at Eversheds, says:
“As a firm we have been active in the equity release market for many years and now is the time for the industry to step up and take its rightful place amongst other retirement funding options.

“The subject has long polarised opinions so we’re looking forward to what promises to be a lively and highly informative debate.”

The event will be held on April 28.