'Don't blame regulator for keeping equity release a mortage minnow'

September 2015
Money Marketing;9/10/2015, Issue 1500, p14
The article reports that financial advisers have asserted that lack of knowledge, not regulation, is the main factor holding back the equity release market in Great Britain. Topics discussed include the British Financial Conduct Authority (FCA) investigating the effects of regulation on equity release products, Equity Release Council chairman Nigel Waterson explaining the advantages of equity release over traditional mortgages and the consumer perception that equity release products are risky.


Related Articles

  • Interest-only mortgages in the post-MMR world. Wright, John; Taylor, Simone // Mortgage Finance Gazette;Mar2014, p32 

    The article focuses on the possible risks of an interest-only mortgage for borrowers. Among the key topics that were discussed include the mortgage advice given by Financial Conduct Authority (FCA) and Mortgage Conduct of Business (MCOB), provisions given by FCA and MCOB such as mortgage...

  • 10% of mortgage advice firms to exit market pre-MMR. Thomas, Paul // Money Marketing;2/27/2014, p16 

    The article reports on the British Financial Conduct Authority's (FCA) mortgage market review (MMR) readiness survey, which indicates that almost ten percent of mortgage advice companies plan to exit the market before the MMR is implemented in April 2014.

  • Equity Bank - no need to reinvent the wheel.  // Mortgage Finance Gazette;Jul2014, Vol. 145 Issue 1780, p19 

    The article discusses issues concerning the proposed Equity Bank concept in the equity release industry in Great Britain. Nigel Paterson, the chairman of the Equity Release Council, mentions the importance of providing several financial solutions to serve the country's ageing population instead...

  • Sense of release. Prior, Chris // Money Marketing;2/21/2013, p58 

    The article presents an outlook for the equity release market and its implications for financial advisers in Great Britain. The total value of the equity release market increased by 17% in 2012. Many providers are expected to become interested in equity release or will actively become involved...

  • Letters. Wilson, Andy; Bloomfield, John; Haynes, Andrew; Gilmour, Matt; Maddox, Alex; Ejdelbaum, Henry // Mortgage Strategy (Online Edition);10/ 9/2013, p39 

    Several letters to the editor are presented in response to articles in previous issues including one about the key changes in the regulation of consumer credit in Great Britain set by the Financial Conduct Authority (FCA), another one about mortgage credit directive of the European Union, and...

  • Do Restrictions on Home Equity Extraction Contribute to Lower Mortgage Defaults? Evidence from a Policy Discontinuity at the Texas' Border. Kumar, Anil // Working Papers Series (Federal Reserve Bank of Dallas);2014, Issue 1410, p1 

    Texas is the only US state that limits home equity borrowing to 80 percent of home value. This paper exploits this policy discontinuity around the Texas' interstate borders and uses a multidimensional regression discontinuity design framework to find that limits on home equity borrowing in Texas...

  • AMI concern over FCA fee proposals. Brennan, Henry // Mortgage Strategy (Online Edition);4/9/2013, p6 

    The article cites the concern expressed by the British Association of Mortgage Intermediaries (AMI) over the new regulatory fees to be charged by the British regulatory body, the Financial Conduct Authority (FCA), for fiscal year 2013-2014. According to AMI, with the exception of the smallest...

  • Sense of release. SMITH, AMANDA NEWMAN // Money Marketing;10/20/2016, p39 

    The article offers information on the consultation by Financial Conduct Authority whether to launch a standalone equity release qualification or top-up to existing pensions or investments. It discusses interest in advising on equity release. It mentions views of Gary Kershaw, compliance director...

  • Apfa argues for fees overhaul based on income. Holt, Natalie // Money Marketing (Online Edition);8/8/2013, p56 

    The article informs that Financial Conduct Authority(FCA) is reviewing firm's regulatory fees calculation. It states that this would lead to scrapping of current fee block model. It mentions that Association of Professional Financial Advisors(Apfa) has called for the FCA's fee blocks to be...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics