The Equity Release Council (the Council) and the Association of Mortgage Intermediaries (AMI) have launched a joint statement outlining a coordinated plan to address the key challenges facing the later life lending market.
Titled “From Designing to Delivering the Future: From Summit to Shared Commitment,” the statement sets out shared priorities and a framework for collaborative action across the sector.
Developed following insights from the 2024 Later Life Lending Summit, the Fairer Finance 2025 report, and the FCA’s Mortgage Rules Review (DP25/2), the statement identifies core priorities for the industry.
These include delivering holistic, needs-based advice; building a more unified advice culture; ensuring proportionate regulation under Consumer Duty; improving transparency and consumer understanding; and using technology responsibly to support advisers.
The shared commitment aims to translate these goals into practical outcomes through adviser education, structured referral models, closer engagement with regulators and government, and the responsible use of technology and data.
The joint statement will be formally launched at the 2025 Later Life Lending Summit, taking place in Sheffield on 6th November and supported by lead sponsor Adlington Law.
The event will bring together advisers, lenders, solicitors, technology providers, policymakers, consumer groups and trade bodies to explore how the shared framework can be implemented.
Jim Boyd, CEO of the Equity Release Council, said: “This shared commitment marks an important first step as we develop a roadmap for the future of later life lending.
“The 2025 Summit gives the industry an opportunity to turn these priorities into practical action, ensuring consumers continue to benefit from trustworthy, innovative advice.”
Stephanie Charman, CEO of AMI, said: “AMI and the Council each bring unique strengths to the later life lending market. By combining AMI’s broad reach across the mortgage sector with the Council’s specialist focus, we can achieve more together than either of us could alone.
“This collaboration ensures advisers are better supported to deliver joined-up, needs-based advice that meets the evolving needs of customers throughout later life.”
Carol Nuttall, director and solicitor at Adlington Law, added: “We are proud to support the Summit as lead sponsor.
“Collaboration across the sector is essential to raise standards and ensure customers and their families have access to advice and solutions that give confidence and security for the future.”
