The Equity Release Council and the Association of Mortgage Intermediaries (AMI) have launched a new joint statement, “From Designing to Delivering the Future: From Summit to Shared Commitment,” outlining a coordinated approach to tackling the challenges facing the later life lending market.
The statement, developed following insights from the 2024 Later Life Lending Summit, the Fairer Finance 2025 report, and the FCA’s Mortgage Rules Review (DP25/2), identifies key priorities for the industry, including:
• Delivering holistic, needs-based advice,
• Building a more unified advice culture,
• Ensuring proportionate regulation under Consumer Duty,
• Improving transparency and consumer understanding,
• Harnessing technology responsibly to support advisers.
The shared commitment provides a framework for practical action, including strengthening adviser education, creating structured referral and collaboration models, engaging with regulators and government, and promoting the responsible use of technology and data.
The joint statement will be formally launched at the 2025 Later Life Lending Summit, taking place in Sheffield on 6th November.
Jim Boyd, CEO of the Equity Release Council, commented: “This shared commitment marks an important first step as we develop a roadmap for the future of later life lending. The 2025 Summit gives the industry an opportunity to turn these priorities into practical action, ensuring consumers continue to benefit from trustworthy, innovative advice.”
Stephanie Charman, CEO of the AMI, added: “AMI and the Council each bring unique strengths to the later life lending market. By combining AMI’s broad reach across the mortgage sector with the Council’s specialist focus, we can achieve more together than either of us could alone. This collaboration ensures advisers are better supported to deliver joined-up, needs-based advice that meets the evolving needs of customers throughout later life.”
