Retirement Advantage launches equity release exam workshops

Michael Lloyd

January 26, 2018

Retirement income provider Retirement Advantage will launch equity release exam workshops to tackle the shortfall in mortgage advisers qualified in the equity release market.

Retirement Advantage has teamed up with training and consulting firm Fortica to deliver the workshops which follow record-breaking growth in the industry in 2017

UK homeowners released over £3bn in value from property through equity release last year, breaking an already record total of £2bn lent in 2016.

Alice Watson, head of marketing for Retirement Advantage, said: “As customer interest in equity release continues to grow, it is more important than ever that the industry is equipped to offer the information and advice that customers require to make an informed choice.

“Mortgage advisers that are not qualified to offer equity release run the risk of not giving holistic advice to clients who are in, or approaching, retirement.

“Many clients are realising that the value in their property vastly exceeds that in their pensions, investments and savings, and recognise that tapping into that property wealth could be a sensible solution.

“Providers have a central role to play in educating advisers about the benefits of equity release. We are thrilled to be launching the equity release exam workshops to support mortgage advisers who want to add the equity release qualification to their toolkit and become proactive advisers in the market.”

The training programme will involve advisers being provided with three distance-learning modules, before attending a day-long training course.

Jon Dunckley, managing director of Fortica, is a certified and chartered financial planner and fellow of both the PFS and CISI and will be delivering the workshops with Retirement Advantage.

Having been both an IFA and a senior technical manager, he now specialises in helping candidates pass financial services exams first time, both as a trainer and technical author for several textbooks.

The course will help advisers break down and review the syllabus, and is designed to support them passing the ER1 exam. This will enable mortgage qualified advisers to engage with the equity release sector.

Donna Bathgate, chief operating officer at The Equity Release Council said: “Housing wealth is playing a greater role in the future of retirement funding as it is increasingly viewed alongside other types of investments by consumers.

“Advisers therefore need to ensure they have a greater understanding of equity release in order to provide a structured approach to financial planning in retirement.

“Any industry initiative that is able to help join the dots, to the benefit of the consumer, between mortgages and financial planning is welcomed.”

Tue 6th March
Retirement Advantage, 6th Floor, 110 Cannon Street, EC4N 6EU
Wed 7th March
Retirement Advantage, 6th Floor, 110 Cannon Street, EC4N 6EU
Thu 8th March
Hallmark Hotel Cambridge, Bar Hill, Cambridge, CB23 8EU
Tue 13th March
Chilworth Manor Hotel, Chilworth, Southampton, SO16 7PT
Wed 14th March
Ashfords, Ashford House, Grenadier Road, Exeter, EX1 3LH
Thu 15th March
Ashfords, Tower Wharf, Cheese Lane, Bristol, BS2 0JJ
Wed 21st March
Boyd Legal, 21-22 Quensferry Street, Edinburgh, EH2 4RD
Tue 27th March
Village Hotel Solihull, Dog Kennel Lane, Solihull, B90 4JG
Wed 28th March
Hallmark Hotel Manchester, Stanley Road, Handforth, Wilmslow, Manchester, SK9 3LD
Fri 29th March
Village Hotel Leeds North, 186 Otley Road, Leeds, LS16 5PR

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