Blog > Equity Release Council confirms 2024 board positions

Equity Release Council confirms 2024 board positions

what is the equity release council?

By Richard Groom • 29th January 2024 • 3 min read

Consumer protection a priority for board members

Written in line with our editorial policy.

The UK’s representative trade body for the UK equity release sector has confirmed two positions on its board. The Equity Release Council say that the appointments reflect its ongoing commitment to placing consumer interests at the heart of its governance. 

The first announcement is the reappointment of David Burrowes as chair of the board for a third and final term. It’s a position he has held since 2017, and during his tenure the Council has grown to a membership of over 750 firms and 1,800 individuals.

Mr Burrowes is a solicitor and was previously an MP for 13 years, where he served across government departments. These included the Cabinet Office and the Department for Environment, Food and Rural Affairs.

He says: “It has been a privilege to represent Council members during a period when lifetime mortgages have moved into the mainstream conversation about later life finances.”

The Council has also confirmed that Michelle Highman joins the board as an independent non-executive director. This is in addition to her role as chair of the Council’s standards committee, which she has led since April 2023.

As well as her roles on the Council’s board and standards committee, Ms Highman is also CEO of The Money Charity. This provides education and information to help people achieve financial wellbeing by managing their money well. She previously played a key role in setting up the Money Advice Service – now known as the Money and Pensions Service.

She says: “I’m looking forward to taking a seat on the board and building on the great progress to date to help meet consumers’ evolving needs. I am committed to keeping homeowners’ interests front and centre as we look to promote safe market growth and answer society’s challenges.”

Safeguarding your interests

The Equity Release Council plays an important role in safeguarding the interests of consumers considering this form of later life borrowing. For example, its standards committee promotes industry standards across equity release advisers and providers. This helps to ensure consumers are treated fairly and equitably.

Last year, the Council hosted its first Equity Release Adviser Summit. Speakers included the Financial Conduct Authority and Financial Ombudsman Service. This reflected the Council’s commitment to supporting high standards of regulatory compliance among equity release advisers

Is equity release right for you?

For more information about equity release, and advice from our selected advisers, call us on 0808 178 3055, or request a call back and we’ll be happy to help further. Or if you just need an idea of how much money you could release, use our free equity release calculator.

Read more:

What is the Equity Release Council?

How is equity release regulated?

What is equity release?

What are the latest equity release interest rates?

About Richard Groom. A writer with 20+ years’ experience across several sectors including financial services, Richard has a passion for writing clear and simple content on even the most complex of subjects. In his spare time, Richard loves exploring the hills and mountains of the UK on long walks with his faithful cocker spaniel. Follow Richard on LinkedIn

How can we help?

To find out more about equity release or arrange a consultation with an adviser, please call or request a call back and we’ll be happy to help further.

Let’s talk

Let us help with your questions or arrange a quote.

Call 0808 178 3055

Request a call back

Book a call at a time that suits you and we’ll call you back.

Request a call back

Are you eligible?

Find out how much tax-free cash you could release.

Check now

Apply for your no-obligation equity release quote

Find out if you qualify for equity release and how much you could borrow. Just click ‘Get started’ or call us on 0808 178 3055 and one of our team will be delighted to help arrange a free consultation and quote*.

Start your quote journey icon

1. Start your quote journey

Simply click ‘Get started’ to begin your search for the best plan for your circumstances.

Tell us what you need icon

2. Tell us what you need

Fill out some simple details about your situation so we can start to prepare your quote.

Compare your best deals icon

3. Compare your best deals

You’ll get personalised quotes tailored to your unique circumstances and goals.

Related blogs

Read more about equity release and other consumer finance matters.