The launch will be held in London, where Waterson and Andrea Rozario, director-general of SHIP, will unveil its new structure and branding.
The trade body says the move will enable a more cohesive approach to future lobbying and profile raising for equity release.
In the run up to this launch, SHIP is actively working to engage with all interested stakeholders – including advisers, solicitors, surveyors and charities – to ensure that the new organisation is as representative of the equity release industry as possible.
Rozario says: “After an extensive development process, we are delighted to announce that we will be launching the new organisation on May 28 2012 at a prestigious event in London.
“This step is significant –not only for us as a trade body but also for the industry, as it will mean that we will be able to work together to increase consumer understanding of the sector and ensure that considering how to use housing equity becomes a normal part of retirement planning.”