Later life lending platform Air Academy has launched a new affordability module with full accreditation from the London Institute of Banking & Finance (LIBF).

Air Academy’s existing vulnerability module has also gained LIBF accreditation, and the two new modules bring Air Academy’s total module offering up to 10.

Drawing from lenders, networks, and accredited bodies, the new module has been designed to highlight to brokers the importance of affordability when discussing product options in the later life lending market.

The module will cover a diverse range of topics, including a historical overview of the evolving factors that impact later life lending, such as the lasting impact of the 2022 mini-Budget, rising interest rates, and reduced LTVs.

Other topics will include an extensive look at the product landscape, specifically focusing on permissions for later life mortgages and a deep overview of regulatory changes, which will feature information on Consumer Duty and the FCA’s later life lending review.

“Following the FCA’s review of the later life lending sector in September last year, our industry must take decisive action to equip advisers with the right tools to nurture their continual professional development,” head of Air Academy Learning Programme, Dan Holden.

“Our latest Affordability Module will offer Air Academy members an extensive walkthrough of the evolving regulatory landscape, giving advisers the confidence to write business with authority.

“In continually expanding our educational offering, we will help advisers keep pace with their regulatory obligations whilst setting a standard in what qualifies as excellence in our industry. Customers should always have access to the most diverse range of product options available.”

Director of financial services at the LIBF, John Somerville, added: “Continuous learning is essential for later life advisers to get the right outcomes for consumers and the best possible protection.

“We have accredited the Air Academy for over four years now because their programme is relevant, well-structured and well-managed. Later life planning has become increasingly complex, so it’s fantastic to see these latest modules being added to this already industry-leading offering.”

---