The Equity Release Council has announced a partnership with the Later Life Academy which will launch this month.
The partnership will offer a programme of accredited training for Equity Release Council adviser members, and is designed to support advisers and provide a low-cost option to continuing professional development needs.
According to the Equity Release Council, with continued growth of equity release as a key mainstream option with retirement planning, the need for advisers to have a solid understanding of factors influencing financial services has grown.
Through the new initiative, advisers will have access to a number of training modules on subjects including pension freedoms, estate planning, benefits and taxation.
If members choose to work through the development programme to become fully graduated members of the Later Life Academy, they can complete modules in pensions and guidance, and additionally in long-term care.
The Later Life Academy training programme is accredited by the National Skills Academy for Financial Services and is open to all Level 3 equity release-qualified advisers and above, and the initiative is designed to support adviser firms of all sizes.
A series of events will be hosted in Spring 2016 to promote the partnership.
Donna Bathgate, chief operating officer at the Equity Release Council, said: “Partnering with the Later Life Academy will strengthen the support for existing and new advisers in a rapidly growing market.”
Stuart Wilson, managing partner at the Later Life Academy said: “There are a great many advisers authorised in this sector who want to see an established support programme to enable them to deliver more solutions to more consumers.”
Dan Farrow, director at Essex-based SBN Wealth Management, said: “There is already adequate provision for equity release education through the CII examination group and various providers. This is a niche market, but any education provision is welcomed.”