The library has collated product factsheets for all equity release, retirement interest-only mortgages and later life mortgages on the market.
The FCA set an April deadline for providers, or lenders in this instance, to create and publish product factsheets for each of their plans.
The library will mean that firm principals will not have to search extensively through individual lender websites and portals.
Air added that additional information would be added in the next few months, including a roadmap to meet Consumer Duty regulation for firm principals.
Advisers can access the library by logging on, selecting resources and then the Consumer Duty tab.
Air’s CEO Paul Glynn (pictured) said that the firm was “constantly looking for ways to help advisers through innovation and the use of technology” which had led the creation of the Consumer Duty library.
“Helping firm principals operate more effectively while building robust businesses that deliver good customer outcomes is one of the cornerstones of the Air platform.
“To achieve this, we are constantly striving to find new and innovative ways to further support advisers operating in the later life lending sector including events such as the National Later Life Lending Adviser Conference in June,” he noted.
Glynn added: “As part of this, we will be discussing how to navigate the road to better customer outcomes, including features on Consumer Duty and evolving client needs, advisers are able to book their place at the event via the Air platform.”
