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advising on a home reversion plan

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    the regulated activity, specified in article 53B of the Regulated Activities Order, which is in summary: advising a person if the advice:

      1. (a) is given to him in his capacity as reversion occupier or plan provider or potential reversion occupier or potential plan provider; and
      1. (b) is advice on the merits of his:
        1. (i) entering into a particular home reversion plan; or
        1. (ii) varying the terms of a home reversion plan entered into by him on or after 6 April 2007 in such a way as to vary his obligations under that plan.