The Equity Release Council and the Association of Mortgage Intermediaries (AMI) have launched a brand new joint assertion, From Designing to Delivering the Future: From Summit to Shared Commitment, outlining a coordinated strategy to tackling the challenges dealing with the later life lending market.
The assertion, developed following insights from the 2024 Later Life Lending Summit, the Fairer Finance 2025 report, and the FCA’s Mortgage Rules Review (DP25/2), identifies key priorities for the business, together with: delivering holistic, needs-based recommendation; constructing a extra unified recommendation tradition; making certain proportionate regulation beneath Consumer Duty; enhancing transparency and shopper understanding; and harnessing expertise responsibly to assist advisers.
The shared dedication offers a framework for sensible motion, together with strengthening adviser schooling, creating structured referral and collaboration fashions, partaking with regulators and authorities, and selling the accountable use of expertise and information.
The joint assertion can be formally launched on the 2025 Later Life Lending Summit, happening in Sheffield on 6 November, supported by lead sponsor Adlington Law.
The summit will carry collectively advisers, lenders, solicitors, expertise corporations, policymakers, shopper representatives, and commerce our bodies to focus on the shared dedication and translate it into sensible outcomes for the market.
Equity Release Council chief government Jim Boyd commented: “This shared dedication marks an essential first step as we develop a roadmap for the way forward for later life lending. The 2025 Summit provides the business a chance to flip these priorities into sensible motion, making certain shoppers proceed to profit from reliable, progressive recommendation.”
AMI chief government Stephanie Charman (pictured) added: “AMI and the ERC every carry distinctive strengths to the later life lending market. By combining AMI’s broad attain throughout the mortgage sector with the Council’s specialist focus, we are able to obtain extra collectively than both of us might alone. This collaboration ensures advisers are higher supported to ship joined-up, needs-based recommendation that meets the evolving wants of consumers all through later life.”
