The Equity Release Council (the Council) is delighted to launch the Later Life Lending Summit in collaboration with the Association of Mortgage Intermediaries (AMI) which will be taking place on the 19 November 2024 at Cutlers’ Hall in the heart of Sheffield.

This new venture builds on the highly successful Equity Release Adviser Summit which took place in Manchester in November 2023 and saw over 200 attendees come together to debate the challenges facing the market.  Bookings for the rebranded Later Life Lending Summit which boasts the strapline “uniting for later life advice” are now open [Equity Release Summit (laterlifelendingsummit.com)].

Targeted at advisers, the event aims to draw on the expertise of AMI and the Council to support those who already operate in this sector as well as those who are keen to diversify their businesses by sharing knowledge and providing a forum to debate the challenges they face.  The focus of the day will be ‘educational empowerment’ and ‘building relationships’ with advisers encouraged to actively participate in the varied workstreams which will be structured and offer accredited CPD hours.

With speakers from the Financial Ombudsman Service, the Money & Pensions Service and the Consumer Duty Alliance, the event promises to be a full day with time baked in to allow networking and engagement with service providers and lenders. Adlington Law, which specialises in providing legal support for older clients, are the lead sponsors for this event as they seek to help the wider industry have better conversations about later life.

Jim Boyd, CEO of the Equity Release Council, said: “Later Life Lending is becoming an increasingly prominent topic of discussion as more customers need support with these choices and advice firms debate how they can best serve their needs.  We are therefore delighted to launch the Later Life Lending Summit which aims to encourage broader conversations about these challenges while helping attendees build knowledge and relationships.”

Robert Sinclair, CEO, AMI added: ‘The inaugural Later Life Lending Summit will bring together all aspects of the mortgage industry to discuss how we ensure that in the new Consumer Duty world all firms work to ensure customers get the solution appropriate to them as they age. What it means to be a homeowner is changing and with greater life and product complexity we need to develop solutions to ensure that advisers are best positioned to provide ongoing personalised support to all borrowers. Events such as the summit provide a platform for the industry to have these vital conversations, and we look forward to welcoming representatives from across the industry.’

Carol Nuttall, Managing Director, Adlington Law, commented: ‘I am proud to be the lead sponsor at the Later Life Lending Summit this year as it provides an excellent opportunity to bring the whole industry together.  Specialist legal advice can play a significant role in supporting older borrowers as they navigate the various later life lending options available to them.  We look forward to a great day of learning more about the challenges facing the wider industry and understanding how we can better adapt to serve this community.”

ENDS

About the Council: The Council is the representative trade body for the UK equity release market. Plans that meet the Council’s standards come with five product safeguards: no negative equity guarantee; fixed or capped rates for life; the right to port; the right to make overpayments; and secure tenure for life. These safeguards are underpinned by mandatory independent legal advice which ensures the customer understands the risks and implications of the plan.

More information:

Visit www.equityreleasecouncil.com

Call Andy Lane and Libby Wallis at Instinctif Partners on 0207 457 2020

Email [email protected]