A range of uses

Ten years ago equity release was an afterthought and for those already retired. The average age of a typical customer was 70 and there tended to be a particular trend which leads to this. Many retiring at this time had reasonable final salary pensions, they would typically retire at 65 and take their tax free cash. During the years that follow they would use the tax free cash to subsidise their lifestyle to an equivalent level compared to when they were working. This strategy though is of course fundamentally flawed for the majority. Flawed because the money runs out! Over and over the st...