Low equity release rates spark switching inquiries, research

Advisers are keen to build on the momentum

Hannah Godfrey
clock
Low equity release rates spark switching inquiries, research

Low interest rates on equity release products are driving more people to enquire about switching plans, specialist adviser Bower Retirement has said.

In a recent study the firm found more than half of advisers had seen a rise in clients looking to move their existing deal to a lower rate. About 12% had even reported a 'substantial increase' in interest...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Equity release

Mark Barlow, partner at XPS Pensions Group said despite this, transfer activity has yet to recover to pre-pandemic levels, perhaps a result of members finding it more challenging to access financial advice.

Falling gilt yields drive DB transfer values to record high - XPS

'Transfer activity has yet to recover from pre-pandemic levels'

clock 18 November 2021 • 2 min read
"If the Bank of England chooses to raise interest rates this could give annuities a much-needed further boost towards the end of the year," said Helen Morrisey, senior pension and retirement analyst at Hargreave Lansdown.

Annuities could get boost from interest rate rise - Hargreaves

Annuity rates hit two-year high

clock 03 November 2021 • 2 min read
Quilter said that the doctors had a collective total of £44,379,919, which could have been protected under IP16

Quilter FOI reveals hundreds of doctors overpaid £11m in pension tax

Could have benefited from IP16

clock 01 November 2021 • 2 min read