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Podcast: FTAdviser Podcast
Episode: Does the model for equity release advice need to change?
Description: Earlier this month the Financial Conduct Authority published the results of its review into lifetime mortgage advice, concluding it was "disappointed" by what it found.One of the overarching conclusions the FCA reached is that there were many examples of advisers steering outcomes in favour of a lifetime mortgage and failing to discuss alternatives. In short, if you went to an adviser to ask about a lifetime mortgage, you were likely to end up being recommended a lifetime mortgage regardless of your circumstances.This week FTAdviser deputy editor Damian Fantato is joined by Kelly Melville-Kelly...