Equity Release
Royal London acquires 30% stake in later life specialist
Insurance giant believes equity release ‘will become a core part of financial planning’
UK bank sells life arm to US reinsurer
It will withdraw its products from the market including annuities and equity release
£3.4bn in property wealth released in 2020
Money was mostly used to boost financial resilience or make gifts to family
Brits turn to inheritance to fund retirement
Figures show a ‘looming later life funding crisis on the horizon’
Equity release advice ‘too transactional’, says Sandringham CEO
As UK regulator finds firms don’t always have evidence offering is ‘suitable’ for clients