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The Equity Release Council has produced extensive guidance to support its members to comply with the Financial Conduct Authority’s forthcoming Consumer Duty.

The guidance focuses on price and value which is one of the most challenging outcomes of the Duty for the mortgage industry, including the equity release sector.

The guidance was informed by workshops attended by members of the Council.

Aimed at provider and advisory firms, termed manufacturers and distributers in the Duty, it was produced with support from Deloitte and has been welcomed by the regulator.

The guidance is made up of three sections entitled: Introduction to a fair value assessment; completing a fair value assessment; and governing a fair value assessment.

However, the Council said its members must have a broad understanding of the Duty’s outcomes which concern communications, products and services and customer services.

The Equity Release Council has produced extensive guidance to support its members to comply with the Financial Conduct Authority’s forthcoming Consumer Duty.

The guidance focuses on price and value which is one of the most challenging outcomes of the Duty for the mortgage industry, including the equity release sector.

The guidance was informed by workshops attended by members of the Council.

Aimed at provider and advisory firms, termed manufacturers and distributers in the Duty, it was produced with support from Deloitte and has been welcomed by the regulator.

The guidance is made up of three sections entitled: Introduction to a fair value assessment; completing a fair value assessment; and governing a fair value assessment.

However, the Council said its members must have a broad understanding of the Duty’s outcomes which concern communications, products and services and customer services.

The Equity Release Council has produced extensive guidance to support its members to comply with the Financial Conduct Authority’s forthcoming Consumer Duty.

The guidance focuses on price and value which is one of the most challenging outcomes of the Duty for the mortgage industry, including the equity release sector.

The guidance was informed by workshops attended by members of the Council.

Aimed at provider and advisory firms, termed manufacturers and distributers in the Duty, it was produced with support from Deloitte and has been welcomed by the regulator.

The guidance is made up of three sections entitled: Introduction to a fair value assessment; completing a fair value assessment; and governing a fair value assessment.

However, the Council said its members must have a broad understanding of the Duty’s outcomes which concern communications, products and services and customer services.