What are the drivers for growth in equity release?

With many pensioners struggling with the cost of living and the state no longer able to afford to pay the costs of elderly care, it is impossible to ignore the billions tied up in property owned by those in retirement. We saw this in Andrew Dilnot's recent report on care funding, which suggested that alongside product innovation in the pension and insurance markets, people in later life may look to equity release and new mortgage-based solutions to meet their income needs. Tapping into property wealth is a sensitive subject, as much an emotional as a financial decision. This is probab...