Although the UK arguably boasts more gender equality in society than ever before, the gender pensions gap continues to be a challenge – especially for older women who may not have enjoyed the social and economic freedoms that today’s graduates expect.
We are an industry sometimes inundated with statistical analysis, some of which can often seem utterly contradictory, but for the most part can be informative and – certainly from a later life lending perspective – can show us the mountains we still need to climb.
It’s notable that within our lending space we have to look rather differently at criteria because, for the most part it’s not the client themselves, their affordability, their income, etc, which is being assessed and underwritten, but the property.
Whether this is because of the pandemic and COVID-19 I don’t know, but it seems undeniable to me that there has been a significant increase in the amount of attempted fraudulent activity.
Following a year of unprecedented financial challenges, more than a third of people aged 65 and over are worried they will not be able to maintain living standards in retirement.
If I was an outsider looking into the equity release and the later life market, part of me might sometimes wonder what all the fuss is about.
Back in my day, breakfast television consisted of BBC’s offering with Frank Bough and Selina Scott, or TV-AM with, well quite frankly, there were so many presenters that I’ve lost count.
The adviser-client relationship continues to intrigue me.
Older generations, in many cases, have been powerless against the effects of ongoing negligible savings rates and wavering investment fund performance.