Key Retirement welcomes sale and rent back regs

KRS Group Director Dean Mirfin said: "We have always acknowledged that the principle of sale and rent back is not what is being taken to task, but rather the promotion, sale and structure of the customer proposition.

"The regulator clearly recognises the need for clarity and best practice in this sector and we welcome that.

"Sale and rent back can be a viable option, when marketed, explained, compared and advised on appropriately and the announcement [today] brings us closer to this.

"We look forward to full regulation of the sector next year and the ultimate protection for consumers that this urgently needs to bring."

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