"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."
- Jim Boyd, CEO of the Equity Release Council
The Equity Release Council has announced the launch of its Later Life Lending Summit in collaboration with the Association of Mortgage Intermediaries (AMI).
The Summit will be taking place on the 19th November 2024 at Cutlers’ Hall in the heart of Sheffield.
This new venture builds on the Equity Release Adviser Summit which took place in Manchester in November 2023. Bookings for the rebranded Later Life Lending Summit are now open.
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.
The event will feature speakers from the Financial Ombudsman Service, the Money & Pensions Service and the Consumer Duty Alliance. Adlington Law, which specialises in providing legal support for older clients, are lead sponsors for the event.
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 of the AMI, commented: "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 of Adlington Law, added: "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.”
