Poll
Equity Release Council names new chairman
David will replace Nigel Waterson, who stands down after six years at the industry body having extended his initial term by three years in 2014.
David is a former Conservative MP, who served Enfield Southgate from 2005-2017.
During his political career, David served as parliamentary private secretary to three cabinet ministers in the cabinet office and the department for environment, food and rural affairs.
He also sat on the home affairs and public accounts select committees, was a former shadow justice minister from 2007-2010 and was a practising solicitor for 23 years.
David said: “As a society, we face significant challenges in addressing the impact of an ageing population, rising social care needs and inadequate pension funds.
“I am excited by the opportunity to work on behalf of the sector and will put the best interests of the consumer at the core of our future work.
“I hope to use my experience gained in parliament to further this cause and to build the profile of equity release with a diverse range of stakeholders across industry, government and regulators.
“I look forward to working with the board and engaging with those within industry as we build on the significant progress to date.”
Nigel added: “It has been a huge privilege to serve as the first chairman of the council and oversee its evolution since 2012.
“With an excellent reputation to date as a dedicated campaigner, lawmaker and influencer, David has all the right attributes required to lead the council on the next stage of its journey and I congratulate him warmly on his appointment.”
The Equity Release Council is the industry body for the equity release sector, which represents over 650 members, including providers, qualified financial advisers, solicitors and other industry professionals.
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