Calls for government-backed equity release

The Social Market Foundation report - entitled Home made money: a co-production approach to equity release - argues there is a growing class of asset rich homeowners who do not want to sink below the poverty line when they retire but who are in danger of doing so because of government inaction and general confusion about equity release products. It says those people living in poorer areas with lower property values are excluded from the equity release market and calls on the government to take action. The report says the government has a greater role to play in regulating and particip...