Experts predict equity release surge

A combination of changing attitudes towards debt, an increase in the number of people reaching retirement age and increased longevity are seen as key factors driving the growth. Speaking at a roundtable event hosted by Prudential, Andrea Rozario, director general of trade body SHIP, said: "Innovation in the market and safeguards now built into equity release products make them a much more viable option for those in retirement. "Furthermore, once 'baby boomers' come to retirement, the equity release market should see strong growth as many will not have made sufficient financial plans. ...