Commenting on the FSA’s consultation to review long term care, mortgage and equity release qualifications every three years, she said: “SHIP welcomes the FSA’s examination consultation paper as a way to evaluate financial qualifications and frameworks.
“Qualified financial advisers are invaluable to the equity release industry in particular and regular qualification reviews will reassure consumers that all active members of the market are working to provide them with the best possible advice. Financial markets are constantly evolving, so I agree that the appropriate examination standards should be updated every three years.”
