Equity release exam numbers 'exceed expectations'

The CeRER was launched on April 6 2007 when the sale and marketing of equity release products became regulated by the Financial Services Authority (FSA).

The news follows figures from Key Retirement Solutions indicating public demand for equity release products has increased by 18% during the first six months of 2007 compared to last year.

Mark Roberts, head of financial regulation at the ifs School of Finance, said: “The overwhelming response demonstrates the growing importance of equity release among the adviser community, led by increased public demand for such products.

"As with out industry leading CeMAP qualification, we have again developed a market leading qualification that goes beyond the minimum regulatory requirements, advancing skills and raising standards in the sector.”