Later Life Lending Advice Standard

Equity Release Advisers can now undertake the SOLLA Later Life Lending Advice Standard. This externally accredited award demonstrates an advisers understanding regarding client care that supports older and potentially vulnerable clients, and helps reassure clients, professional connections and other trusted consumer organisations that the adviser has reached a high standard of advice skills and applied knowledge.  

The LLLAS award aims to evidence the adviser has:​

  • Regulatory qualifications and permissions, and is actively providing Equity Release advice
  • Ongoing CPD relevant to Later Life Lending advice
  • An understanding of the additional needs and considerations required when delivering advice to older and vulnerable clients and the longer-term impact of advice given
  • An understanding of the potential physical and cognitive limitations that may affect the way advice is delivered, the importance of good interpersonal communication and engagement skills
  • Completed and passed the Later Life Lending Advice online training and assessment

The Standards

The standard consists of four parts: 

LLLAS Standard One - Technical knowledge 
Evidence of appropriate regulatory Later Life Lending mortgage and Equity Release qualifications and regulatory permissions, plus evidence of consumer vulnerability training. 

LLLAS Standard Two - Work within a supportive environment

Evidence of a ‘supportive environment’ to resource and maintain ongoing knowledge, and evidence of their older and vulnerable client care procedures.  

LLLAS Standard Three - Maintenance of Competence 

Evidence of ongoing CPD related to later life lending and vulnerability.

LLLAS Standard Four - Application of Knowledge and Soft Skills

Completion of the online training resource material and passing a final assessment. 

 Minimum requirements 

To apply for the Later Life Lending Standard, you must: 

  • Be qualified and have the requisite FCA permissions to give Equity Release financial advice 
  • Be actively advising on later life lending
  • Undertake training covering advising older and vulnerable clients

Benefits for those achieving the Standard   

SOLLA support with a range of benefits and resources to help advisers stay up to date and connected with later life advice: ​

  • A clear demonstration of achieving a higher advice standard with the SOLLA LLLAS designation
  • Adviser profile on the SOLLA LLLAS website
  • Use of the SOLLA LLLAS logo for marketing purposes
  • Regular newsletters, communications, information, press releases and updates about the later life market, including industry and legislative updates, social care, health and welfare issues
  • Access to specific training courses on older client matters, at preferential membership rates
  • Access to your local regional SOLLA network and the LinkedIn discussion forum, technical information and support from peer group
  • Access to the members area of the SOLLA website, giving details of your membership and other useful documents and information

To register to find out more about the Later Life Lending Advice Standard complete the form below: 

I am interested in the Later Life Lending Advice Standard