Equity release showing positive signs of growth says NU

clock

A poll of 200 advisers by Norwich Union Equity Release reveals 78% believe they will be writing more business in the next six months, up 3% from last year, suggesting the equity release market is set to grow.

Advisers noted three areas they believe has led to the growing popularity of the market, including the fact that property is now seen as an investment that can be used, with 27% of respondents claiming the rise in house prices has encouraged interest in equity release. Figures show that with inadequate pension provision many people are looking at alternative sources of income to fund their retirement. The research reveals 36% of advisers believe lower returns on investments will see more consumers turning to the equity release market. But the research also suggests many advisers still n...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read