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...
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