SHIP, the trade body for equity release, has appointed Nigel Waterson as chairman.
Waterson will take up his position on 1 April. His career included 18 years as a Tory MP of which seven were spent as Shadow Pensions Minister.
He takes up the role following the retirement of Laurie Edmans who served as chairman for almost six years.
As part of his new role, he will also work closely with Andrea Rozario, the director general, and other members of SHIP’s board.
Waterson said: “This is a historic moment of opportunity for equity release – to boost incomes in retirement