Advisers save retirees £11k on equity release

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Retirees are losing out on over £11,000 on average by buying their equity release product directly from a provider instead of using a financial adviser, according to Key Retirement Solutions (KRS).

KRS says many consumers believe they will save money on fees by not speaking to an adviser but many often end up paying higher interest rates by going direct. According to KRS, a 65 year old borrowing...

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