Category: Equity release
Based on Canada Life’s 2020 customer data, there has been a move away from using equity release to fund new cars or holidays and a move towards buying a new home or making home improvements.
An estimated 6,500 have registered for the training module ‘Consumer Vulnerability in Later Life’, developed by Just Group and SOLLA.
The Equity Release Council has launched its Funders Forum, a committee made up of later life funders and product providers.
There is a shift from clearing debt among the younger cohort to using the money released to make family gifts among older customers.
The changes are available across its Drawdown+ and Lump Sum+ Lifetime Mortgages.
The coronavirus pandemic has changed how equity release customers are spending their money according to Stuart Wilson, corporate marketing director at more2life.
Legal & General Retail Retirement (LGRR) has appointed Andrew Kail as chief executive.
The London Institute of Banking & Finance (LIBF) has launched a new retirement planning qualification for financial advisers.
More than half of over 50s have not planned for retirement, according to research from Hodge.