Age Partnership launches introducer service

Business partners will benefit from commissions starting from 1.5% of the total amount of cash their clients release from their home and are paid within 7 days.

The launch follows the announcement that Age Partnership's market share has jumped by 17% year-on-year.

Despite the UK’s impending exit from the EU, early signs within the equity release market suggest an increase in demand of around 39% vs year-to-date figures, as people look to take advantage of current property prices. 

Adam Carnall, Head of Partnerships, commented: “We understand that a key part to the scheme and to further grow the equity release and pension income market, is to give all end consumers access to the great products that we have on offer and to support all financial advisers in being able to provide this service to their customers as an extension of their own service, without compliance risk or fear of cross-sell.

“We’ve looked strategically at how our introducer scheme could deliver something different to the others out there, which has resulted in us putting together a tailored marketing support and benefits package along with strong commercial terms, including a leading revenue share model.”

Tim Loy, Chief Executive, added: “The retirement income market has gone through huge changes over the past couple of years, particularly in pensions and with the developments in equity release. Retirement is no longer about taking out a single product but about considering all your options and at the appropriate times. We are delighted to be able to offer our introducers access to our wide range of services, with complete peace of mind that their clients are getting a world class service but with no risk to themselves."