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Compulsory qualifications mark new era for ER, says IFS

The Institute of Financial Services is supporting Safe Home Income Plans decision to no longer accept business from advisers who do not hold a ‘suitable lifetime mortgages qualification’.

Mark Roberts, head of faculty financial regulation at the IFS, says: “SHIP’s announcement marks the beginning of a new era for the equity release

“Equity release has now moved on from the mis-selling scandals of
the late ’90’s and compulsory qualification will only improve the reputation
of the industry for all those operating in it.”

The IFS Certificate in Lifetime Mortgages was one of the ‘suitable
qualifications’ named in the SHIP announcement. The CeLM has 2,500
registrations to date and is delivered in the same format as the Certificate
in Mortgage Advice and Practice.


Guide helps advisers start their own business

Burns-Anderson have published A Guide to Starting Your Own Business. The guide is aimed at financial, mortgage and general Insurance advisers who wish to start up their own firm.Chief executive Mike Hughes says Many advisers working for larger firms, including tied agents feel ready to break out on their own but are nervous about taking […]

Integrated software offer

Classic Network Solutions is offering a fully integrated version of MortgageStream case management software to its members.

Paymentcare warns borrowers about payment holidays is warning borrowers that taking a three month repayment holiday on loans could leave them in limbo should their personal circumstances change before they make their first repayment.Shane Craig, managing director of, says: The attraction of not having to pay anything back for three months is obvious, but it can be a false […]

Brokers don’t expect to pay World Cup penalty

Over half of Mortgage Strategy Online readers last week voted that the World Cup would have no effect on their business. Just 43% thought it would. Whether hunting for mortgages and houses wins out over flat screen TVs and booze, only time will tell. This week Mortgage Strategy asks: “Do you feel confident about Home […]

Guarantees in the retirement income market

Lorna Blyth, Royal London  Do guarantees benefit customers and, if so, when? To answer this conundrum we commissioned Millimans, a global actuarial consulting firm, to conduct an independent review of the UK retirement income market and whether guarantees really do offer customers better value for money. The brief The study was one of the most comprehensive undertaken […]


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