The Equity Release Council, the trade body for equity release providers, has published a new Consumer Duty-friendly guide to help financial advisers communicate more clearly and simply with clients about equity release.

The Financial Conduct Authority has demanded improvements in the later life mortgage / equity release sector after finding evidence of poor advice and misleading promotions.

The Advertising Standards Authority has censured equity release firm Key Retirment Solutions for a TV commercial which featured a cartoon sketch of a couple receiving financial advice.

Half (46%) of advised clients using equity release are using property wealth to gift an early inheritance to family, according to a new report.