Government engagement to grow equity release industry

With such intervention almost half (47%) of advisers believed the industry would return to trading levels prior to the 2008 house price crash. Sales of equity release reached £1.2bn in 2007, while the current market value is £788.5m. Andrea Rozario, director-general of SHIP said: "We have seen far more engagement with the government than we could have hoped for over the past few years, and hope this will continue in the future. The ultimate goal is for a government department to take ownership of equity release, and we believe with sustained lobbying this will happen." In addition,...