Firstly, the UK as a population has not made adequate pension provision to provide for our needs in retirement. CII . The level 3 Certificate in Equity Release develops advisory skills and offers an understanding of equity release regulation, products, market practice, and customer needs. A CeRER® qualification demonstrates that you meet strict regulatory requirements and equips you with extensive knowledge of equity release. In order to achieve a CeRER®, you must first pass a Certificate in Mortgage Advice and Practice (CeMAP®). The equity release market is growing rapidly and being able to offer homeowners this additional service is proving a popular choice. Proven track record of … It is a free-to-access service which usually costs £200, and features content delivered by a CII-accredited tutor. The free equity release calculator can use this information and based on its database of equity release plans available, can give you a fairly good idea of the maximum release available to you. Key information for the Certificate in Equity Release qualification provided by the Chartered Insurance Institute (CII) Cookies on the CII website. The essential mortgages and equity release advice qualification. Equity Release in Focus. Equity release schemes are a range of financial products which offer the opportunity for home owners to release the equity which is tied up in their property without the need to move home. Equity release (ER1) The objective of this unit is to develop an understanding of the different types of equity release products, risks to the consumer associated with equity release and application of suitable equity release solutions according to the circumstances of different customers. The use of equity release as a financial tool has gained significant momentum of the last 5 years and is showing no sign of slowing. The Chartered Insurance Institute (CII) is pushing ahead with the launch of a new pension transfer qualification in light of the regulator’s recent consultation on defined benefit (DB) transfers. Continuous growth spans from not only record low interest rates, but the industries focus on innovation and development to ensure … Equity release (ER1) The objective of this unit is to develop an understanding of the different types of equity release products, risks to the consumer associated with equity release and application of suitable equity release solutions according to the circumstances of different customers. CeRER Equity Release is now a massive growth area. Applicants must hold the level 4 Equity Release qualification (either CII ER1 or LIBF CeRER) Recent experience of giving Equity Release advice, however applicants must have at least 2 years+ experience in financial services, particularly in mortgage advice. The Certificate in Regulated Equity Release (CeRER®) is an appropriate qualification to advise on Equity Release. **Click here for an important notice for international deliveries** in Regulated Equity Release (CeRER®) Take the next step on your career path. The Certificate in Equity Release meets the FCA’s qualification requirements for mortgage advisers and those advising on equity release … Specific study time guidelines are provided for each unit on its webpage and in the CII … In addition to developing advisory skills, the Certificate offers an understanding of equity release regulation, products, market practice, and customer needs. The use of equity release as a financial tool has gained significant momentum of the last 5 years and is showing no sign of slowing. Delegates participating in the programme can claim up to 4.5 CPD hours towards the CII/Personal Finance Society member CPD scheme. Equity Release Equity Release Products Second charge UK Equity release totals almost £10 million a day Figures from Key Retirement show that in the first six months of 2018, £1.71bn was released through the UK’s equity release market – the equivalent of £9.5m a day. By using and browsing the CII website, you consent to cookies being used in accordance with our policy.If you do not consent, you are always free to disable cookies if your browser permits, although doing so may interfere with your use of some of our sites or services. Learning support. By using and browsing the CII-HK website, you consent to cookies being used in accordance with our policy. Entry requirements. Home » Qualifications » Certificate in Equity Release » UK financial services, regulation & ethics UK financial services, regulation & ethics CF1 (15 CII credits – Certificate level credits) Units range from between 60 and 70 hours (each depends on experience and ability). By using and browsing the CII-India website, you consent to cookies being used in accordance with our policy. The default Enrolment option for this unit includes: Latest version of the core learning content, in digital format only. An equity release calculator is an application designed specifically to calculate maximum potential release of equity, but there are many other financial tools designed to calculate different things. Qualification . Continuous growth spans from not only record low-interest rates, but the industries focus on innovation and development to ensure … Equity Release module: Unit 1: Fundamentals of Equity Release (FOER) Unit 2: Equity Release Solutions (EQRS) For further information about learning content, fees and assessment, visit the London Institute of Banking & Finance website Certificate in Equity Release Certificate in Regulated Equity Release(CeRER) Chartered Insurance Institute (CII) 61 reviews. The Certificate in Regulated Equity Release (CeRER®) is an FCA-approved RQF level 3 qualification specific to the UK.. Potential for CeRER Equity Release Advisers. Completion requirements. In May, LGHF launched an online study portal to help aspiring equity release advisers achieve the CII Certificate in Equity Release qualification or equivalent. In order to achieve a CeRER®, you must first pass a Certificate in Mortgage Advice and Practice (CeMAP®). Syllabuses for the certificate in equity release qualification. Cookies on the CII website By using and browsing the CII website, you consent to cookies being used in accordance with our policy . CII ER1 syllabus overview At the end of this unit, candidates should be able to understand the: Principles of equity release and the types of schemes available; Suitability and affordability of the different types of equity release products; Risks to the consumer associated with equity release Press release – 01/2019 The one-day workshops will be run by the Chartered Insurance Institute (CII) and will provide advisers with an overview of the entire syllabus for the CII’s Certificate in Equity Release Legal & General Home Finance announced a new strategy last year to invest in the intermediated Assessment entry. About this session. (ER1) Equity release. The core Equity Release module is assessed through a single 2-hour objective exam, split into two units. There are two important reasons why CeRER training and the CeRER qualification could be important and beneficial to you. To complete you need to obtain 50 CII credits by passing compulsory units: R01 or CF1, CF6 and ER1. Recommended study time. You need the designation Cert CII (MP) to advise on mortgages that comprises R01 or CF1 (Financial Services Regulation & Ethics) plus CF6 (Mortgage Advice). Cookies on the CII website. If you do not consent, you are always free to disable cookies if your browser permits, although doing so may interfere with your use of some of our sites or services. This is a summary of the mortgage and equity release qualification requirements. The CeRER® is a QCF level 3 qualification specific to the UK and meets the standards set by the Financial Conduct Authority (FCA). The workshop is aimed at advisers newly qualified in equity release and delegates that have been qualified for some time, but have not yet used their qualification Unlike conventional mortgage products, these schemes do not have a fixed term specified and include a provision for the client to remain in the home for the rest of their lives. Qualified mortgage advisers can gain an additional specialised qualification to assist clients to select the most appropriate equity release option from a vast range of products. Continuous growth spans from not only record low interest rates, but the industries focus on innovation and development to ensure everyone the offering is both competitive and appropriate. 4.5 rating. UK Financial Services, Regulation and Ethics (CF1) develops your understanding of the financial services industry including regulation and legislation. The use of equity release as a financial tool has gained significant momentum of the last 5 years and is showing no sign of slowing. Jane Forshaw and Daniel Edmondson - Pure Retirement Ltd. About this session. Additional revision aids. None. Chartered Insurance Institute (CII) Here you can find out more about any CII qualifications that your financial adviser may have, such as: G60 (Pensions) MAQ (Mortgages) Chartered Financial Planner (following on from the APFS qualification) Always ask to see your financial adviser's qualifications, including any certificates. Jane and Daniel will present a general introduction to the equity Release industry, providing the knowledge, contact and support to allow people to venture further into this space. By using and browsing the CII website, you consent to cookies being used in accordance with our policy.If you do not consent, you are always free to disable cookies if your browser permits, although doing so may interfere with your use of some of our sites or services. The level 3 Certificate in Equity Release meets the FCA’s requirement for mortgage advisers and those advising on equity release schemes. Mortgages . To achieve CeRER you must have completed CeMAP or an equivalent Level 3 mortgage advice qualification.. By Hattie Tales National Accounts Manager Pure Retirement Ltd. & Anna Thompson - Business Development Manager Pure Retirement Ltd. Wednesday 23rd September : 10.00am- 11.00am. The level 3 Certificate in Equity Release meets the FCA’s requirement for mortgage advisers and those advising on equity release schemes. The professional body originally announced the launch of the new qualification in November, which is intended to support advisers who want to provide specialist advice on DB transfers.