The new equity release qualifications will take effect in January.
Graham Evans, head of compliance at equity release adviser Equity Release Supermarket (ERS), has been appointed the chief examiner for the new equity release qualification.
Evans (pictured) will be chief examiner for the level three Certificate in Regulated Equity Release (CeRER) at the London Institute of Banking & Finance.
The new exams take effect in January 2020.
Evans will be one of the experts ensuring the new material covers the changing market requirements and will also sit on the Equity Release Council Standards Board.
Evans said: “I am joining the London Institute of Banking & Finance at an exciting time as they have created learning material specifically to develop a specialist knowledge and skillset in the mortgage advice and equity release sector.
“There are a variety of learning options to facilitate continuous assessment throughout the equity release studies including: interactive activities, videos, knowledge tests, and supplementary contentfrom equity release industry specialists.
“As an FCA requirement, it is of paramount importance that the examination fulfils the breadth and depth of this rapidly changing market.
“We’ve seen tremendous growth in the later life sector over the past few years and it is very important that we equip new advisers and administrators with a more detailed and broader knowledge.
“The qualification consists of two units; unit one being fundamentals of equity release, and unit two consisting of equity release solutions.
“In each topic of the learning materials, there are features to help break down studying into manageable sections, absorb information and prepare for the examination.”
Mark Gregory, founder and chief executive at Equity Release Supermarket, added: “It’s always been our policy at Equity Release Supermarket to recruit the very best in class in order to provide our customers with outstanding financial advice.
“Graham’s recognition in the industry, plus his new appointment is reflective of the extremely high calibre of employees we have at Equity Release Supermarket.”
