St. James's Place Joins Equity Release Council

St. James's Place Named the Newest Member of the Equity Release Council

Contributors: Nicola Date, Katherine Read. Reviewed by Francis Hui

The Latest News From the UK Equity Release Council Is That St. James's Place Has Joined as a Member. This Is Great for People Who Are Looking to Release Equity and Get Some Help With Their Finances in Retirement! Read on to Learn More!

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Breaking News: St. James’s Place Joins The Equity Release Council in 2021

The equity release council has a new member and we’ve got exciting news to share!

If you’re not up-to-date with the latest market developments, you could end up missing out on an incredible opportunity.

Are you looking to join this multi-billion pound industry?

We’ll help you discover:

  • Why it’s essential to unlock equity through a member of the Equity Release Council.
  • Everything you need to know about St. James’s Place.
  • The growth seen in the Equity Release Council.

At SovereignBoss, we’re constantly keeping our finger on the pulse to bring you the latest equity release news. We’ve spent 1000’s of hours deep in research, and now we have a gem to share.

Check this out!

The Newest Lender on the Equity Release Council

The newest lender on the Equity Release Council is St. Jame’s Place. The council was formed in 1986 by six major equity release providers.

Their role is to develop standards of conduct and education for equity release providers who sell equity release products.

St. James’s Place (SJP), a UK-based life insurance company joined the Equity Release Council (ERC) in 2021.

The ERC is committed to developing best practice guidelines, and ensures that all members operate in an ethical manner.

Their customers must be at the forefront of everything they do. This commitment is now shared by St. James’s Place following its recent membership application process.

A Bit About St. James’s Place

St. James’s Place is an FTSE-100 wealth management company that focuses on long-term client relationships and providing sound financial advice.

The business was established in 1992, and has since expanded to be one of the biggest in the UK financial sector, with ÂŁ143.8bn of funds belonging to clients under the company’s management.

They offer individualised advice on financial, investment, and tax planning, all designed specifically for your personal needs and life goals in mind.

Increasing Membership of the Equity Release Council

There is increasing membership of the Equity Release Council as this news caps off a strong 2 years the organisation.

It has seen individual membership rise by 50% to over 1 500 representatives.

During this time, the number of equity release companies that have joined the representative trade body has nearly doubled, passing 600.

With approximately ÂŁ135 billion in client money under management, SJP provides individualised financial investment and tax planning advice.

For more than 15 years, equity release guidance has been a component of the SJP offering. However, one is generally advised to keep away from lenders who are not council members.

Its decision to join the Equity Release Council was driven by the industry’s rapid pace of development and innovation.

A Word From the Equity Release Council

St. James’s Place’s membership, according to Jim Boyd, CEO of the Equity Release Council, is a mark of confidence in modern equity release and the stringent1 standards that support it.

Equity release has long been recognized by St James’s Place as a valuable alternative for their clients.

Wealth managers, pensions specialists, and mortgage advisers are finding that their clients are contemplating2 a variety of issues in later life, from care planning to wealth transfer across generations.

The growing membership certainly reflects this.

St James’s Place’s long-term commitment to the market is welcomed by ERC.3 They look forward to working with it and other members to keep the market’s high customer satisfaction requirements.

St. James Place Sees Becoming an ERC Member as a Great Move

St. James’s Place sees becoming an ERC member as a great move, as head Paul Johnson stated that they have been providing equity release for over 15 years.

With the market evolving at such a rapid pace, they want to ensure that the high standards of advice required for clients taking out equity release plans are maintained.

The Equity Release Council continues to set the bar for consumer-focused advice, so their collaboration is a natural progression of their work in this field.

St. James’s Palace is looking forward to taking advantage of the Council’s continuous support for the industry.

Common Questions

What's Equity Release Council?

What Does St James's Place Do?

In Conclusion

St. James’s Place has been in the homeownership business for a long time, but recently has acquired new knowledge on how to help people with their retirement goals.

They will be doing so through equity release loans and mortgages.

The company is now joining forces with the Equity Release Council to provide better customer service for seniors who are looking into this type of financial solution.



Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.

rachel w

Rachel Wait
Personal Finance Journalist

Rachel is an experienced finance journalist and editor with a particular interest in personal finance and consumer affairs. She has vast experience writing about money issues, property, insurance, and consumer affairs, and you’ll find her articles regularly featured in top media and newspaper publications.
John Lawson

Written by
John Lawson
Founder SovereignBoss

John is passionate about education and has made it his life-long mission to assist UK citizens on their future financial options, with a specialist interest in equity release, and SovereignBoss is the natural extension of this passion.

Reviewed by
Francis Hui
Senior Risk Manager

Having held various high-level roles across the industry, Francis is truly an expert in aiding UK citizens in their financial decisions and risk analysis. His unique insight and statistical knowledge make him the perfect person to help you take your financial future to the next level.
kath icon

Katherine Read
Consumer Affairs Writer

Since joining the editorial team at SovereignBoss, Katherine has become focused on bringing transparency to finances and opportunities for those approaching retirement age. She writes on the topics of equity release, home reversion, and mortgages.

Nicola Date
Writer & Journalist

Nicola is a financial writer for SovereignBoss and is passionate about the opportunities that equity release can open up for homeowners. Her extensive business experience and deep understanding of the industry means that she’s always up-to-date with the latest developments.

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