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PMS partners with Key Group to launch Later Life Solutions
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Air Group launches fact-find and suitability report for advisers
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Stuart Wilson is chief executive at Air Group
If I was an outsider looking into the equity release and the later life market, part of me might sometimes wonder what all the fuss is about.
After all, the latest statistics from the Equity Release Council recently revealed total lending figures for 2020 of £3.89bn.
In a broader mortgage market of £230bn of gross lending, plus not far away from £200bn in product transfer activity, you might question as an adviser whether later life lending is a sector I really need to focus on, or indeed delve into.
Now, you might expect me to say this, but the answer is undoubtedly yes, and there are a number of reasons why you should, at the very least, consider your involvement.
Air Group has appointed of Jon Tweed as its new group distribution director.
Tweed initially joined Air Group as a project consultant in September 2020 to help develop its wider later life lending adviser offering and will now join the business in a full-time role.
Reporting to chief executive Stuart Wilson, Tweed will focus on forging and renewing new and existing distribution relationships.
He will continue his partnership with Air Group’s head of distribution Ray McCarthy, and will be supported by an expanded telephone account management team to deliver on Air’s targets.
Tweed has over twenty years of experience serving the later life market holding positions such as sales director at Hodge for Intermediaries and head of intermediary sales at OneFamily.