The Institute of Actuaries report on Equity Release is published today.
It opens “Actuaries have played a leading role in developing the market for equity-release products”. From my memory, the role that actuaries played in developing the product was an active resistance to developing a correct pricing model, but never mind.
The report found, astonishingly, that “actuaries view much of equity-release pricing and proposition work as (technical) actuarial work, in common with valuation and capital activity”.
Unsurprisingly, the extensive bibliography did not include The Eumaeus Guide to Equity Release Valuation: Restating the Case for a Market Consistent Approach, 2nd edition. KSP Books.