Equity Release News
The Later Life Academy, the commercial and training organisation for later life advisers, has appointed of Bob Champion as its new chairman.
Age Partnership has published results that show the firm advised on a quarter of all equity release sales in Q3 2015, up from 24.4% in Q2 of the same year.
The Equity Release Council has called on the government to include equity release in its strategy for managing an ageing society and to widen the scope of Pension Wise to include housing wealth.
Bower Retirement Services is in a recruitment drive in a bid to capitalise on the growing opportunity it sees in the equity release market.
The Equity Release Council is in talks with the Financial Conduct Authority in a bid to ensure that pensions and investment advisers properly account for property wealth when retirement planning.
Stuart Wilson, marketing director at more 2 life, breaks the cycle of myths surrounding equity release.
More 2 life has urged advisers to make sure clients fully disclose details about their health before making a product recommendation to ensure they get the optimal financial outcome.
Nearly a fifth of pensioners incorrectly think they will pass on debt by using equity release while nearly a quarter mistakenly believe their equity release borrowing could exceed the value of their property, research from LV= has found.
Just over half a million people in the UK intend to use all or part of their pension to help repay their mortgage balance, reveals new research from specialist insurer Partnership.
more 2 life is expanding choice and flexibility for equity release customers and advisers with the Tailored Choice Plan providing personalised plans and rates.
Three quarters of advisers think that more retirees should consider their property as part of their asset mix when looking at funding their retirement.
Pure Retirement has reduced the interest rate on the ‘Pure Drawdown Plan’ has been reduced by 0.43% to 6.59% monthly (6.79% annual).