Equity Release
FCA wary of equity release harm to retirees
As data finds homeowners accessed £13bn via later life products since April 2015
Majority of Brits not planning to downsize in retirement
Despite many being property rich but cash poor
£4bn obtained via equity release over last 12 months
It has become a ‘mainstay of financial planning for older people and it’s not going anywhere’
Best Practice | 26 Jul 19
L&G rolls out equity release workshops for IFAs
They are aimed at financial advisers newly qualified in the field
Equity release funding retirement for 21% of Canada Life users
Property wealth is starting to sit alongside more traditional sources of income like pensions and savings