PEER

Introducing PEER (Promoting Excellence in Equity Release)

The equity release market should be experiencing real growth, because in today’s market it meets a real need. With the increase in house prices, and the decline in pensions, it meets the need that many people have for additional income in retirement.

A key element that is holding the industry back is the lack of confident advisers in the product. That is precisely what PEER is here to address. It has been created to provide support, advice, information, clear processes and discounts on services to advisers in the equity release market.

With this support, advisers can be confident that they are offering the right advice to their client.

The Aim of PEER

PEER aims to create a credible, high quality environment, that will inspire confidence in advisers initially, and then consumers.

A range of support services have been created, that are designed to:

• Increase the competence of more advisers.
• Increase adviser confidence.
• Increase quality of advice and
• Increase customer confidence

Summary of Adviser Support Services

This is effectively a “tool-kit” from which members can access the elements they require as the need arises. Importantly, this enables firms to ensure their individualism in how they put their processes in place.

The following items are provided free to PEER members, from the PFS:

• PEER Fact Find
• PEER Customer leaflet
• PEER Customer Charter
• Newsletter – to include technical tips.

The PFS will also be offering training events – details will follow.

We have also negotiated discounts for PFS members on a range of services provided by external companies:

• New Business Monitoring
• Suitability letter
• Financial Promotion (checking of websites/advertisements)
• Help Desk
• Benefit Check software
• On-line illustrations
• P1 Cover
• Legal Panel

Please click here to access these membership benefits (you will be required to log in as a member).

Membership of PEER is free to all PFS members that are qualified to sell equity release business. Unless we hear from you to the contrary, we will continue to include you in PEER.

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