The Equity Release Council has added Defaqto as its latest member.

Defaqto is a financial product database and uses proprietary research methodology to produce independent ratings, reviews, insights, and technology for the financial services sector.

Its data and analysis are used by advisers, lenders, and consumers to compare products and make informed financial decisions.

Defaqto’s membership will enable it to work closely with the council’s product design and innovation forums, ensuring its data and star rating criteria reflect the latest market developments, and help advisers and consumers navigate the lending landscape.

Equity Release Council chief executive officer Jim Boyd says: “We welcome Defaqto as a new member of the Council. Their expertise in product intelligence and independent ratings will help ensure equity release products remain transparent, competitive, and aligned with consumer needs.”

“This collaboration will support our shared goal of upholding high standards in this important sector.”

Defaqto insight consultant for banking Katie Brain adds: “The Equity Release Council is integral to the later life lending market, so it makes perfect sense for us to join. We’re excited to contribute, particularly in forums dedicated to product design and innovation.”