The trade body was created in May 2012 and its members now include equity release providers, advisers, lawyers, surveyors and other related groups.
It said that it is looking to expand its membership further in 2013 and create a greater consumer interest in equity release products.
Nigel Waterson (pictured), chairman of the Equity Release Council, said: “Ever since we opened our doors to the wider equity release industry, we have encouraged more members to join The Council and play an active part in shaping the future of our sector.
“The strength and diversity of our membership will be vital to tackle the challenges ahead, not least to protect and build on the high standards of practice that exist in today’s industry.
“We need only to look at the debate over long-term care costs to see how equity release has a role to play as a fundamental part of people’s retirement planning.
“So many people see their homes as places of comfort and security, and it’s vital that we convey the message that, financially, their housing equity can offer the same to them in retirement without the need to sell their homes.
“I look forward to welcoming new members to The Council as we approach our first anniversary, and working together to raise the public and political profile of equity release.”
