Equity Release Warehouse Highlights Closed Book Consumer Duty Requirements

May 10 13:54 2024

Belfast, Northern Ireland – Equity Release Warehouse reaffirms its commitment to compliance with the Financial Conduct Authority’s (FCA) Consumer Duty regulations, especially concerning closed book customers. The reminder comes in anticipation of the new regulatory phase effective July 31, 2024, by the Equity Release Council, which mandates rigorous oversight of all equity release products, including those no longer sold or renewed.

Tom Philips, a leading expert at Equity Release Warehouse, emphasises the importance of this duty. “It’s crucial that our approach to client engagement adapts to these new regulations. We are dedicated to ensuring that all our clients, particularly those with older contracts, receive fair treatment and understand their financial options,” said Philips.

The expert further noted the potential challenges and the firm’s proactive strategies to address them, ensuring the best interest of clients are always at the forefront.

This initiative is part of Equity Release Warehouse’s ongoing efforts for equity release Northern Ireland to support the integrity of the equity release market and safeguard consumer interests, particularly vulnerable customers and those with outdated products.

Media Contact
Company Name: Equity Release Warehouse
Contact Person: Tom Philips
Email: Send Email
Phone: 292929292
Address:17 Raddle Wharf
City: Ellesmere Port
State: Cheshire
Country: United Kingdom
Website: https://www.equityreleasewarehouse.com/