The Stock Issuing Committee has made DeFaqto its latest member.
DeFaqto is a financial product database and uses proprietary research methods to produce independent ratings, reviews, insights and technologies for the financial services industry.
Advisors, lenders and consumers use their data and analytics to compare products and make informed financial decisions.
DeFaqto’s membership will enable IT to work closely with the Council’s forum on product design and innovation, ensuring that its data and star rating standards reflect the latest market developments and help consultants and consumers browse in the lending environment.
“We welcome DeFaqto as a new member of the Council. Their expertise in product intelligence and independent ratings will help ensure equity release products remain transparent, competitive and aligned with consumer demand,” said Jim Boyd, CEO of the Fair Release Council.
“This collaboration will support our shared goal of maintaining high standards in this important sector.”
“The Stock Issuing Committee is an integral part of the life-span loan market later, so it makes a lot of sense for us. We are excited to contribute, especially in forums specializing in product design and innovation.”
