The unexplained and sudden exit of the Industry Body (SEQUAL) presents some serious challenges for Reverse Mortgage providers and whilst the Finance Brokers Association of Australia (FBAA) should be encouraged to be part of the solution, their response falls well short of the mark.

It is time for the Australian Equity Release market (Yes. There’s more to it than just Reverse Mortgages!) to step up to the challenge of meeting the best interests of clients wishing to access their housing wealth through well designed financial products and high standards of consumer protection. More to come on this…

 

Source: FBAA to launch reverse mortgage training course – The Adviser