Responsible Lending are committed to ensuring that our products provide customers with consistently good outcomes and allow them to pursue their financial objectives. This information is provided to you to ensure you have the appropriate tools available when considering the Royal London Equity Release product range for your customers.
The target market for our product range is typically customers who are looking to:
Due to the nature and restrictions of the product, it may not be appropriate for the following customer segments:
We have undertaken a thorough and detailed assessment of our product ranges to ensure they offer fair value to our customers.
Both advisers and lenders are accountable for good consumer outcomes and safeguarding customers. At Responsible Lending, we have undertaken a thorough and detailed assessment of our product ranges to ensure they offer fair value to our customers.
You can download an assessment of our Core Product Range by clicking the button below.
Supporting customers with characteristics of vulnerability.
At Responsible Lending we recognise that our target market is made up of customers in their later lives and as a result, they are more likely to display characteristics of vulnerability. We understand that vulnerability is transient and may present at any point during the customer’s relationship with us.
Particularly, we recognise that due to the age profile of our intended customers, certain types of vulnerability are likely to be more prevalent. These include:
We have introduced several methods for identifying and supporting customer vulnerability, namely: