The FSA did well with regards to equity release


Despite everything that has been happening in the world economy, down in Canary Wharf London and Wall Street New York, the Financial Services Authority have been doing some good things, not that many people would notice or believe me. Take for instance the regulation of equity release, this is a good thing because it has simplified equity release to the point whereby it is now a walk in the park. All or most of the providers have hard and fast rules which they stick to  when creating their criteria for equity release.

Essentially, this means that you will know straight away whether equity release is suitable for you and that this suitability runs the same throughout all of the providers. It also means spotting rogue providers is more simple. Generally, if most of the providers do not think equity release is in your best interests then anyone who says it is can be deemed a rogue provider. Avoiding the misselling of equity release is one of the remaining few challenges and with regulation, the FSA have gone some way to clear up this obstacle.

Well done to them.


Responsible Equity Release is a trading style of Responsible Life Limited. Responsible Life Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register ( under reference 610205. Only if you choose to proceed and your case completes will Responsible Life Limited charge an advice fee, currently not exceeding £1,490. A lifetime mortgage may affect the value of your estate and your entitlement to means-tested state benefits. Our adviser will talk you through this and the setting up costs before you make any decision to proceed.

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