The Equity Release Council has announced Deloitte as its newest associate member.

Deloitte provides its clients with audit, risk advisory, consulting, tax, and legal services around the world, and is the largest firm of its kind by revenue and number of professionals.

With over 700 corporate members, the Council’s membership covers every area of the equity release industry, including product providers, financial advisers, solicitors, surveyors and other professionals.

Jim Boyd (pictured), CEO of the Equity Release Council, said: “Welcoming Deloitte to our membership and strengthening participation from the Big Four professional services firms continues to support the Council’s work as the custodian of consumer standards and conscience of the market as we celebrate our 30th anniversary year.

“The flexibility and potential of today’s equity release products mean the industry can look ahead to the challenges of enabling safe access to housing wealth on a wider scale, underpinned by an ongoing and essential commitment to industry standards.”