View more on these topics

Debt charity offers free equity release advice

Debt charity the Consumer Credit Counselling Service has launched a service offering free whole of market equity release advice.

The CCCS has launched its directly authorised subsidiary in response to an increasing number of enquiries from those over 60 who are approaching the charity for help with their debts.
The charity says these clients tend to have higher debt levels with regular changes in income due to changes in circumstance, illness or retirement.

CCCS Equity Release is launching with three equity release advisers and has been welcomed by the equity release industry.

Jon King, managing director of Hodge Lifetime, says: “I welcome this innovative concept in equity release advice. It is an important addition to the range of services available to those looking to release equity from their homes.”

Tom Moloney, equity release manager at CCCS, says: “CCCS is proud to have created a safe environment in which clients can assess their equity release options. Equity release can be a lifeline for some clients but should only be considered as part of a long-term debt solution programme.

“With this particular product, it is crucial that all clients receive impartial advice. To ensure complete transparency, our advisers are employed on a salaried basis with no commission, sales bonuses or sales targets. We want our advisers to have the freedom to offer real whole of market advice”.



Guide: how to change your auto-enrolment support

As we approach the two-year milestone of auto-enrolment, employers have had the opportunity to truly assess the capabilities of their chosen support. They are also now realising that getting to the staging date was the easy part, and that support is required for almost every aspect of the day to day running of their scheme. With the three-year re-enrolment window coinciding for many with the total removal of commission and Active Member Discounts from pension-related products and services, as well as the introduction of the pension charge cap in April 2015, many employers will have no choice but to review their support options. But, what is involved in transitioning your auto-enrolment scheme away from your current support options? This guide from Johnson Fleming aims to outline some of these key areas and provide information and discussion points on what you need to consider.


News and expert analysis straight to your inbox

Sign up