Clear message to the FSA: you must regulate reversion schemes If not, the Treasury is warned, the whole equity release industry will be discredited, writes Liz Dolan

From: The Sunday Telegraph London | Date: February 15, 2004| Author: Liz Dolan | Copyright information

HOME reversion schemes must be regulated by the Financial Services Authority as soon as possible. This is the unequivocal conclusion arrived at by all respondents to the Treasury's consultation on the subject, which closed on Friday.

Everyone - including the main consumer bodies, charities for the elderly and members (both existing and putative) of the equity release industry - has warned that, if the schemes are left unregulated, disaster will follow.

Home reversion schemes enab...

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