Equity release campaign backed

Posted in General

21st May 2010

SHIP, the equity release scheme trade body, has found support for its campaign to clarify the relationship between equity release and state benefits.

The Personal Finance Society (PFS), Association of Independent Financial Advisers (AIFA) and the Association of Mortgage Intermediaries (AMI) all back SHIP’s scheme.

Fay Goddard from PFS is backing the campaign as she believes that “the issues around the interaction of state benefits and equity release are complicated” and consumers need to know that the experts fully understand the relationship.

Andrea Rozario, SHIP's Director General, claims that the campaign has been "very successful" so far and hopes that other organisations join in the future.

SHIP launched a questionnaire last month to gather as much information as possible from advisers to find out their experiences of the issues related to equity release and benefits.

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