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Equity release qualification to be overhauled

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  • 23/10/2019
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Equity release qualification to be overhauled
The London Institute of Banking and Finance (LIBF) is to overhaul the CeRER equity release advice qualification in January.

 

The body confirmed the plans to Mortgage Solutions and said it had been in discussions with bodies across the industry. It is finalising the details which will be published in early November.

A spokeswoman told Mortgage Solutions: “The changes being made reflect the changes in the sector.

“We have talked to people in the industry and done this in consultation with them.”

Mark Heaton, director of corporate and professional qualifications at the LIBF added: “We are in the process of updating our Certificate in Regulated Equity Release to ensure this qualification keeps pace with changes in the sector.

“More information will be provided when we launch the updated qualification on 4 November.”

Last month Mortgage Solutions reported that discussions to update the CeMAP and CeRER qualifications were underway between trade associations and the examining bodies.

Association of Mortgage Intermediaries chief executive Robert Sinclair said: “There appears to be recognition across the market that the existing qualifications in both pure mortgage and equity release markets are not as deep or robust as responsive market participants would want them to be.”

 

January exams

Simply Academy said the changes will come in to force for students wishing to sit the examination on or after 6 January.

It noted that the syllabus overhaul will include both content and layout changes, but at present, the specifics of the updates are still to be confirmed.

“The LIBF also anticipates a further syllabus update in April to incorporate any changes due to the budget and Brexit, in line with their usual structure,” it said.

Peter Lingley, chief operating officer of Simply Academy said it was unclear how much the CeRER syllabus would change in this in-depth revision and whether it would have an effect on the length and structure of training courses.

 

 

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