In addition, 75 per cent have faith in the stability of the market to withstand further economic pressures and remain at least at the same levels showed the research conducted on providers which represent over 90 per cent of the equity release market.
Ship members highlighted 'growing consumer needs' and 'meeting changing retirement requirements' as two of the sector's key strengths.
These strengths have led to far greater engagement between the equity release industry and government than ever before, and 80 per cent of members believe this will continue over the course of the year.
In addition to engagement, 60 per cent of respondents believe the government will look to the industry for help with public policy issues such as meeting the pensions gap and funding care. Another 60 per cent also believe that there is potential for a government department to step forward to "own" equity release, thus providing a further endorsement in the minds of consumers.
A majority of 86 per cent believe that Ship needs to continue to work to increase awareness and understanding of equity release amongst the government and consumers, in order to overcome problems faced including a lack of understanding and confidence in the products.
Andrea Rozario, director general of Ship, claimed that over the past 12 months, the organisation had seen a growing acceptance of equity release as a retirement planning option amongst consumers, advisers and the government.
She said: "However, it is important that those who are entitled to state support fully understand what this will involve.
"We need to build on the good work already done to ensure that consumers in particular understand equity release so that they are able to weigh it up alongside other retirement planning tools.
"There are many opportunities ahead for growth and engagement, and the appetite to do so is evident amongst providers." For the latest updates PRESS CTR + D or visit Stock Market news Today
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