Equity release can prove an important tool for today's retiree. Vanessa Owen looks at how people's views of this once controversial product are evolving
We have just witnessed stark evidence of the fundamental demographic shift that has been gradually creeping up on us. The UK population is now made up of more people of state pensionable age than under-16s. Our own recent consumer research among those aged over 50, the LV= State of Retirement Report, has shown that more people than ever facing retirement are concerned about their financial situation and level of savings for retirement. The rising cost of food, fuel and utility bills, fear of recession, rising interest rates and media reporting of the 'Credit Crunch' are all cited by this ...
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