Openwork has chosen Key Retirement Solutions (KRS) as its exclusive provider of equity release schemes.

Following a detailed review of the market and a thorough tender process, KRS has been selected as the sole endorsed route for Openwork’s Appointed Representatives.

Paul Shearman, mortgage, protection and general insurance proposition director at Openwork, said: “I am very pleased to welcome KRS into the Openwork proposition. With national coverage, the UK’s leading whole of market proposition and a robust compliance infrastructure, I am extremely confident that KRS will provide exceptional support to our advisers and their clients.”

Dean Mirfin, group director at Key Retirement Solutions, added: “Following a robust selection process, the team at KRS are extremely proud to launch our equity release partnership with Openwork. This further cements our position as the first choice referral partner for equity release and for financial solutions to the over 55s.

“This service will add a robust proposition to Openwork’s existing advice model and we look forward to working closely together to develop this area of advice.”