Equity release business expected to rise for IFAs

Intermediaries expect to see a growth in income from equity release products over the next five years, according to research from actuarial company, Tillinghast-Towers Perrin. By 2008, one in eight intermediaries expect these types of products to generate 10% to 20% of their annual income and a further one in 12 believe they will contribute 20% or more. Stuart Robinson, consultant at Tillinghast, said: 'Our research shows 40% of IFAs are currently not generating any income from equity release and of those who are, the vast majority are not selling many products.' At the moment the equ...