The statement, ‘From Designing to Delivering the Future: From Summit to Shared Commitment’, has been developed based on insights from last year’s Later Life Lending Summit, Fairer Finance 2025 and the Mortgage Rule Review discussion paper.
The two organisations identified priority areas for the sector, including delivering holistic, needs-based advice, building a more unified advice culture and ensuring proportionate regulation under Consumer Duty.
It also cited improving transparency and consumer understanding, and harnessing technology responsibly to support advisers as areas of focus.
The AMI and the ERC said the shared commitment provided a framework for “practical action”, including strengthening adviser education, creating structured referral and collaboration models, engaging with regulators and government, and promoting the responsible use of technology and data.
The statement will be formally launched at this year’s Later Life Lending Summit, which will take place in Sheffield on 6 November.
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Jim Boyd, CEO of the ERC, said: “This shared commitment marks an important first step as we develop a roadmap for the future of later life lending. The 2025 Summit gives the industry an opportunity to turn these priorities into practical action, ensuring consumers continue to benefit from trustworthy, innovative advice.”
Stephanie Charman, CEO of the AMI, added: “AMI and the council each bring unique strengths to the later life lending market. By combining AMI’s broad reach across the mortgage sector with the council’s specialist focus, we can achieve more together than either of us could alone. This collaboration ensures advisers are better supported to deliver joined-up, needs-based advice that meets the evolving needs of customers throughout later life.”
