This compares with 29% who are not interested in advising on equity release, while a further 16% of brokers said they might consider entering the sector.
Clive Bolton, at retirement director of Aviva, said: “It is welcome news that so many advisers are open to the opportunities of advising on equity release.
“SHIP’s most recent market figures illustrate that a growing number of consumers are considering this product, and with our rapidly ageing population, we expect this growth to continue in the coming years.
“Therefore, it is naturally important that the information and advice consumers need is on offer. As such, the whole industry, from providers to advisers and solicitors, need to make sure they are fully equipped to support consumers through the decision-making process of such products.”
Claire Barker, chairman of the Equity Release Solicitors Alliance (ERSA), added that advisers would benefit from joining trade body SHIP, if they are considering a move into the sector next year.
She said: “It is really encouraging to see that so many advisers are considering entering the equity release market.
“For those prepared to commit themselves to the sector, the indicators show the equity release market is set for strong growth in 2012.
“We would suggest the first step for advisers who do wish to advise on equity release should be to engage with SHIP – which is now the trade body for the entire industry – to find out more about the market and also about what qualifications they will need to take.”
