As people in their 50s navigate the financial 'perfect storm' brought on by the pandemic advisers will play a key role in helping them make the best of a bad situation, writes Paul Bridgewater, and equity release could provide safe harbour...
As we navigate out of the pandemic and the dust settles, many over-50s will be looking for a way to get back on track after the financial rollercoaster of the past 18 months. Figures from the Centre for Ageing Better suggest that this age group has been hit hard by the pandemic, with the number of over 50s in work having decreased by 181,000 since February 2020, while more than 540,000 people were still on the furlough scheme as it came to a close at the start of autumn 2021. These shortfalls in income, along with increased living expenses, have led to many over-50s needing to dip int...
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