Could equity release solve our retirement crisis?

It is widely recognised that if current trends continue, Britain is set for a retirement crisis. According to the Office for National Statistics, 23% of the population will be over 65 by 2034, compared with 18% aged under 16. With such an ageing population, the workforce will not be able to support those in retirement, and the government reforms on -pensions have made it clear that aside from a small state pension, people will be required to provide for their own retirement. However, research from the Equity Release Solicitor's Alliance (ERSA) found that 47% of people are not curren...