Retirement Advantage withdraws majority of equity release deals

From 5pm on Friday 26 June advisers were no longer able to generate KFIs for Retirement Advantage's Lump Sum, Voluntary Select and Interest Select Platinum products. Its Interest Select Gold deal will be the only equity release available from Friday and it will continue to offer guaranteed and flexible income annuities.  In a broker statement, the retirement lender said despite its product range ‘taking a large share of the overall equity release market', it had reached the available tranche of funding for the products. In May, equity release provider Stonehaven and retirement spec...