All the advisers took the exam on Wednesday 20 July in a bid to raise standards in the equity release sector. The qualification is being offered as part of a training package from Just Retirement and the ifs.
Each of the advisers was registered for the qualification and sent learning materials to study beforehand for the exam on the fundamentals of lifetime mortgages and the advice-giving process.
“In the light of recent Financial Services Authority (FSA) mystery shopping reports, it is great to see so many advisers taking steps to become qualified voluntarily,” commented Mark Roberts, head of faculty financial regulation, at the ifs. “CeLTM is a tough qualification and there is no guarantee of success, but I do wish them all the best of luck.”
