Actuarial Profession warns of equity release growth

According to its Equity Release Report, new barriers recently added include financial advice requirements on equity release which are different from the main product lines of many mortgage providers, adding to a high risk factor in what is historically a relatively small-sized market. As the market grows, however, many of these obstacles will be overcome, the report predicts. The Actuarial Profession found there to be a major gap between current and planned pension provision, and consumers’ needs. As was highlighted in the Pension Report in October last year, people will be faced...