A quiet revolution: Innovating the equity release market

clock

Simon Chalk considers some of the product innovations in the equity release market

There’s a quiet revolution going on in the area of later life planning. It hasn’t gained much publicity, and not many people seem to have noticed, but hugely significant developments have been made this year. Two companies have launched ground breaking solutions to the problem of how we are going to pay the cost resulting from increased longevity and in particular, the cost of care. They have in effect, made the financial planning equivalent of a breakthrough linking two cave systems. It is easy to underestimate the importance of what they have done so financial planners take note; we ha...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Equity release

Royal London acquires later life lender Responsible Group

Royal London acquires later life lender Responsible Group

Mutual purchases remaining stake in later life lending group

Jenna Brown
clock 23 November 2023 • 1 min read
Equity release activity up 26% year-on year

Equity release activity up 26% year-on year

‘Continued return to pre-pandemic market growth’

Julia Bahr
clock 02 August 2022 • 4 min read
Rory Gravatt: What do equity release and skiing have in common?

Rory Gravatt: What do equity release and skiing have in common?

Going off-piste?

Rory Gravatt
clock 12 April 2022 • 3 min read