Retirement

LV= is reducing rates on its lump sum lifetime mortgage until Friday 12 April 2013.

TailorMade Independent, a distributor of Harlequin Property investments, has had its permissions changed to restrict its ability to carry on new pensions business.

FIVE THINGS

James Hay Partnership has started quoting drawdown business at 120% GAD before legislation is changed on 26 March.

Chancellor George Osborne is to bring forward the introduction of the flat-rate state pension and the cap on social care by a year.

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.

Government must work with financial services to ensure housing equity can be released "without excessive charges or risk" and improve consumer confidence, a House of Lords committee has urged.

The government is ‘woefully underprepared' for the impact a rapidly ageing population will have on society and public services, a Lords Committee has warned.

Nottingham-based advisory firm Investment Sense has launched a web service that enables advisers and consumers to rate their Self Invested Personal Pension (SIPP) purchases.