On completion of CeRER you should be able to demonstrate an understanding of: the definition of a Home Reversion (HR) plan and alternative methods of equity release/capital raising; the principles of equity release, the types of equity release schemes available and the applications for which such schemes might be appropriate; the types of consumer at whom equity release is targeted and their personal requirements, wants and needs; the circumstances in which equity release may be appropriate and how these are influenced by the consumers’ preferences and financial needs; suitable equity release solutions to the circumstances of different types of consumers; the suitability and affordability of the different types of HR plans and their principal alternatives for different types of consumer; the advantages, disadvantages and potential risks to consumers associated with taking out equity release, and when these might arise.