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Equity Release News

Later Life Academy appoints new chairman

The Later Life Academy, the commercial and training organisation for later life advisers, has appointed of Bob Champion as its new chairman.

Age Partnership grows 15pc in 9 months

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.

ERC: Pension Wise must include housing equity

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 in equity release recruitment drive

Bower Retirement Services is in a recruitment drive in a bid to capitalise on the growing opportunity it sees in the equity release market.

ERC in talks with FCA over retirement advice

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.

SPECIAL FEATURE: Debunking equity release myths

Stuart Wilson, marketing director at more 2 life, breaks the cycle of myths surrounding equity release.

Enhanced equity release undersold

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.

Pensioners mistaken over equity release

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.

Half a million to use pension to repay mortgage

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.

SPECIAL FEATURE: The path to a good life

Stuart Wilson, marketing director at more 2 life, says more people will come to realise that their home can provide a significant boost to their retirement finances.

more 2 life enhances choice

more 2 life is expanding choice and flexibility for equity release customers and advisers with the Tailored Choice Plan providing personalised plans and rates.

Home should be part of retirement mix

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 cuts drawdown rates

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).