Appropriate Examination Standards for
Home Reversions and Equity Release

Following an amendment to the secondary legislation under the Financial Services and Markets Act 2000 (FSMA), home reversion plans will come into the FSA’s regulatory scope from April 2007.

Training and Competence requirements, including a requirement to pass an Appropriate Examination, will apply for those individuals undertaking home reversion activities.

Following its consultation phase, the FSSC has published the Appropriate Examination Standard for home reversions. The standard was developed in conjunction with the home reversions sector and overseen by a steering group, comprising representatives from Bridgewater Equity Release Limited, Ecclesiastical Life Limited, Key Retirement Solutions, Home & Capital Trust Limited, SVAR Fair, St James’s Place and Fair Money as well as from the legal profession and the FSA itself.

To view the standard, please click here

The FSSC would like to thank all those involved in the development of this standard.