New joint statement sets priorities for the market ahead of 2025 Later Life Lending Summit in Sheffield

The Equity Release Council (the Council) and the Association of Mortgage Intermediaries (AMI) have today launched a new joint statement, “From Designing to Delivering the Future: From Summit to Shared Commitment,” outlining a coordinated approach to tackling the challenges facing the later life lending market.

The statement, developed following insights from the 2024 Later Life Lending Summit, the Fairer Finance 2025 report, and the FCA’s Mortgage Rules Review (DP25/2), identifies key priorities for the industry, including:

• Delivering holistic, needs-based advice
• Building a more unified advice culture
• Ensuring proportionate regulation under Consumer Duty
• Improving transparency and consumer understanding
• Harnessing technology responsibly to support advisers

The shared commitment provides a framework for practical action, including strengthening adviser education, creating structured referral and collaboration models, engaging with regulators and government, and promoting the responsible use of technology and data.

Highlighting the 2025 Summit
The joint statement will be formally launched at the 2025 Later Life Lending Summit, taking place in Sheffield on 6 November, supported by lead sponsor Adlington Law. The Summit will bring together advisers, lenders, solicitors, technology firms, policymakers, consumer representatives, and trade bodies to discuss the shared commitment and translate it into practical outcomes for the market.

Jim Boyd, CEO, Equity Release Council, comments: “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, AMI, comments: “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, Adlington Law, comments: “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.”

The full joint statement, “From Designing to Delivering the Future: From Summit to Shared Commitment,” is available to view and download here.

Delegates and industry stakeholders are invited to join the 2025 Later Life Lending Summit on 6 November in Sheffield to explore these priorities and help turn shared intent into practical action. Registration and further information are available at www.laterlifelendingsummit.com.

ENDS

About the Equity Release Council (The Council): The Council is the representative trade body for the UK equity release market. Plans that meet the Council’s standards come with six product safeguards, underpinned by mandatory independent legal advice to ensure customers understand the implications.

More information: Visit www.equityreleasecouncil.com; email [email protected]

About AMI: AMI exists to support the professional mortgage intermediary. To do this we effectively lobby the Treasury, FCA, government and other opinion formers to ensure the regulatory and business environment is positive toward the intermediary. It is AMI’s objective to play a critical but constructive role within the mortgage regulation process, offering insights from the “front line” of the intermediary mortgage market. AMI is a non-commercial, not-for-profit trade body. It exists solely to bring about a better business environment for our members so they can continue to serve their clients.

More information: Visit www.a-m-i.org.uk

Email: [email protected]