Blunkett urges equity release action

Speaking at an event hosted by charity Counsel and Care yesterday, the MP highlighted there was around £700bn tied up in home ownership which could be used to “sustain” pensioners’ existing lifestyles. Referring to increasing longevity in Britain, Blunkett also said pensioners should work “to the point of our incapacity overtaking us”. “In our endeavour to protect people's inheritance, have we not made enough of, and are we not clear enough about, the release of equity from the enormous home ownership that exists in Britain and the divide of those with and without assets which this tren...