Equity release 'sales blitz', excessive drawdown and unknowledgeable pension savers - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend...
The equity release sales blitz on the elderly (paywall) The Sunday Times carried out a mystery shopping exercise with the three biggest equity release companies following a surge in people considering making use of the lifetime mortgage product. The 'paper tried to find out how much a 64-year-old woman would be able to release from her home using calculators on the websites of Sunlife, Key Retirement and Age Partnership. After making inquiries through the companies' websites The Sunday Times received 28 phone calls (sometimes two calls a day from the same company), 28 emails and 14 le...
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