Advisors offering help with equity release

A report from research company Rayner Spencer Mills will provide advisers
with practical help when considering entry into the equity release market.

Geoff Mills, director of Raynor Spencer Mills, says: “Our report considers the business implications for advisers moving into this growing market.

“Statistics and projections for the market are well known and still provided, but our report has full research data on all the lifetime mortgage and reversionary plans currently available.

“For too long Advisers have had little support available at a cost effective
price and our aim is to provide real practical help for the Advisory sector
by developing a business planning Tool Kit which can be used to plan their
entry into the market by following a 10 point step-by-step approach.”

Mills Adds “We are confident that the Tool Kit will help the planning
process and ensure Advisers get it right first time, helping adherence to
the FSAs Treating Customers Fairly initiative”.

And if they decide not to enter this market but outsource to another
adviser the Tool Kit can be used to complete due diligence on that firm.
Again further evidence that IFAs do take a robust approach to their
business. For too long the IFA sector has been criticised for its business
planning – now we are offering real help to support them.