Intermediaries registered with justadviser.com, Just Retirement’s online hub that provides support and tools for those active in the retirement sector, can access the service free of charge.
The service enables users to create client-specific suitability reports quickly and compliantly, covering either whole-of-market or specific retirement planning including enhanced annuities, fixed-term annuities and – now – equity release.
Stephen Lowe, group external affairs and customer insight director for Just Retirement, said: “Increasing numbers of intermediaries are looking at equity release as a potential growth area so this enhancement to justadviser.com is a major step forward,” said
“We have nearly 8,000 users registered with justadviser.com and have had a very positive response from those who have used the suitability report service last year and found it delivered tangible benefits in terms of time and expense.
“The addition of equity release is a real step forward in terms of helping intermediaries to offer a holistic planning process.”
The service allows advisers to create client-specific bespoke reports which are fully up-to-date on both new legislation and new products and RDR compliant.
Lowe said: “For those advising on a whole of market basis the service allows reports to be created that span the full breadth of options – retirement income options include standard and enhanced annuities, fixed term plans and drawdown and we have now added equity release including both lifetime mortgages and home reversion schemes.
“Intermediaries can apply it to whole of market planning scenarios or where they have a specific product and provider.
“The objective is not to limit choice but to offer support to the full range of intermediaries and encourage the development of a more competitive market.”
