The Institute of Financial Services School of Finance has launched its certificate in equity release top-up unit.
The qualification provider has launched the unit in response to new rules which mean that anyone giving advice on equity release will need to hold an appropriate qualification.
The top-up unit will cover the suitability and affordability of different types of equity release products.
Mark Roberts, head of faculty financial regulation and corporate and academic relationship management at the ifs School of Finance, says: Our qualifications in this arena have always ensured advisers are properly trained to give advice on equity release products, giving consumers reassurance and protection as well as enabling advisers to confidently give knowledgeable advice.
“Following the Financial Services Authority’s announcement of regulation late last year, we were naturally keen to further develop our qualifications to ensure these new regulatory requirements were met.
“The new top- up unit meets all these requirements and ensures practitioners are able to give the best possible advice to the consumer.