The Equity Release Council has unveiled a new directory at the Later Life Lending Summit, aimed at aiding consumers in finding the right financial advice for later life lending.
- The directory features an extensive list of services offered by members, including equity release advice, wills, and wealth management.
- Consumers can now select advisers based on geographic location and their preferred method of contact, whether face-to-face, phone, or digital.
- The directory caters to a diverse audience with multilingual adviser options, featuring languages such as Urdu, Spanish, and Arabic.
- Key figures in the sector have emphasised the directory’s role as a crucial tool for consumers seeking personalised financial advice.
The Equity Release Council has introduced an updated directory, launched at the Later Life Lending Summit in Sheffield. Designed to assist consumers, this directory acts as a resource for finding advisers and legal firms well-versed in later life lending options. With the market evolving, the directory seeks to address the increasing demand for expert advice among older individuals looking to leverage their housing equity.
ERC members now have the opportunity to offer a wide array of services through the directory, ranging from equity release advice to guidance on wills, trusts, pensions, and wealth management. This initiative aims to streamline the process for consumers to access comprehensive financial planning services that align with their individual needs.
Geographic targeting within the directory allows consumers to choose advisers based on location, alongside selecting their preferred mode of interaction – face-to-face, telephonic, or digital. This level of personalisation is intended to enhance the consumer experience, ensuring that individuals can receive advice in a manner most convenient for them.
Recognising the diversity in consumer demographics, the directory also highlights advisers who can provide assistance in languages such as Urdu, Spanish, and Arabic. This feature not only broadens accessibility but also ensures that non-native English speakers can benefit from expert financial guidance without language barriers.
Jim Boyd, CEO of the Equity Release Council, remarked on the significance of the directory as a gateway for consumers to obtain tailored advice crucial for managing their financial affairs in later life. According to Boyd, the directory represents a vital step in enabling individuals to connect with the appropriate advisers, thereby facilitating informed decision-making regarding borrowing options and financial planning.
This enhanced directory is set to significantly improve how consumers navigate their later life lending options, offering essential support in finding pertinent financial advice.
