Partnership Assurance has overhauled its board with the announcement of two new appointments and the departure of Robin Phipps and Marisa Cassoni.
Pure Retirement, a new equity release provider, has launched to market with its Pure Drawdown Plan, a high loan-to-value lifetime drawdown scheme.
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A telephone advice service offered by Aviva - originally believed to be a casualty of the provider's decision to exit advised sales in May - was in fact pulled months earlier after an audit flagged concerns over the quality of advice given to customers.
The Equity Release Council is to brief policymakers on improving access to financial advice for older people at the House of Commons today.
Equity Release Council chairman Nigel Waterson has urged government to address a ‘knowledge and policy’ vacuum and take control of equity release.
There has been a 23% increase in the number of UK adults who would consider equity release yet understanding of specialist advice remains low, finds research.
Almost two-thirds (65%) of UK adults are ‘unaware, unwilling or unable’ to address the financial challenges of retirement, according to research.
The over-55s are most at risk from the interest-only mortgage time-bomb, according to equity release specialists.
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