Financial Safety

We believe that our customers’ financial safety and security is paramount. For added peace of mind Key Retirement Solutions:

• is authorised and regulated by the Financial Services Authority
• only ever recommend SHIP approved equity release plans

Financial Services Authority

The Financial Services Authority (FSA) was set up by the Government and is responsible for regulation of a range of financial services and products, including equity release schemes. They aim to:

• promote efficient, orderly and fair markets to help consumers achieve a fair deal
• maintain confidence in the financial system
• secure the appropriate degree of protection for consumers

Key Retirement Solutions is authorised and regulated by the Financial Services Authority. You can check our status as an authorised firm by visiting the FSA website and entering firm number 224987.

Safety with SHIP

SHIP is a self regulatory trade body dedicated entirely to the protection of equity release planholders and the promotion of safe equity release plans. They ensure that equity release products are safe and their code of practice applies to both lifetime mortgages and reversion plans. Most leading equity release providers are members of SHIP; however there are equity release schemes available that have not been approved. Those that are will be completely safe, so you should only ever choose an equity release plan endorsed with the SHIP logo.

All SHIP approved equity release plans come with a standard set of safety guarantees which include:

• Remain in your property for life, provided the property remains your main residence.
• Move your plan to another suitable property without any financial penalty, subject to criteria.
• Guarantee you’ll never fall into negative equity. This means you will never owe more than the value of your home and no debt will ever be left to your estate.