Sales of equity release products have remained virtually flat in the past year, according to data from Key Retirement Solutions.
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.
Key Retirement Solutions is launching the first nationwide service to handle the house buying and selling process for the over-55s.
Britons should be offered taxpayer-funded "financial MOTs" when they reach 50 to make sure they are prepared for retirement, a think tank has said.
The FSA should force lenders to issue warning letters to customers with interest-only mortgages, an equity release lender has urged.
Fiona Murphy shares views from a debate on how equity release could alleviate pensioner poverty and boost the economy
LV= is reducing rates on its lump sum lifetime mortgage until Friday 12 April 2013.
Interest-only borrowers and elderly homeowners needing long-term care will drive growth in the equity release market, the Equity Release Council chairman has said.
Age Partnership, a retirement services adviser, has raised concern for equity release customers over the marketing of Property Protection Trusts.