Neil Hoare, Sales and Marketing Director at Pink Home Loans comments: “According to Safe Income Plans (SHIP), more than 8 million pensioners (Source: Office of National Statistics) have seen their monthly income fall by almost 25% from 12 months ago, due to the collapse of the Base Rate. And with some 80% of UK pensioners having to rely on savings or share-based investment to help fund day-to-day living expenses (Source: The National Pensioners Convention) this means that thousands of pensioners are contemplating how they will be able to survive without up to a third of their income ”.
Hoare continues: “Equity release could be the solution that they are looking for to boost their income and the addition of Just Retirement to Pink’s Equity Release panel means that our intermediaries have a choice for their clients who may find themselves in this situation”.
David Cooper, Marketing and Distribution Director of Just Retirement commented: “This is very good news. As a company, Just Retirement is keen to work with organisations promoting high quality advice on equity release to people in retirement. The attention to detail demonstrated by Pink’s approach is highly encouraging and we are very pleased to be included on the Pink Equity Release Panel.”
