The AR’s will get themed training events starting with a business development seminar; focusing on the benefits of equity release as well as legal and compliance issues.
Engage Mutual, a specialist over 50s protection provider, has been appointed for use by Pink’s equity release authorised AR’s.
Engage Mutual offers whole of life cover without underwriting for clients aged between 50 and 80. Its guaranteed 50 Plus life cover includes practical support and free independent information on care options and dealing with serious and terminal illness.
The addition of this product will allow equity release authorised AR’s to offer a wider range of support to meet their clients’ needs.
Steve Treasure, head of sales at Engage Mutual, said: “We work closely with intermediaries to ensure we can support them in solving their clients’ protection needs and meet a growing demand for these products amongst older clients.
“Being invited to join Pink’s panel underlines the relevance of Engage Mutual products which recognise that people in the second half of their lives have very specific needs, some of which can be met by the products and support services we offer.”
Mark Graves, head of Pink Network, said: “The impact of the rapidly ageing population on society is only just being realised. Going forward retirees will not be able to rely on the government to provide for them. Using Equity Release products to release capital from their property can be an excellent way to raise or maintain an older person’s standard of living and advisers who are experts in the area can really add value.
“The addition of Engage Mutual to Pink’s panel, together with the business development training programme, are further examples of the support services available within our network.”