Age UK has drawn criticism from advisers for accepting commissions on equity release products from provider Just Retirement, amid allegations the charity has been promoting unfavourable gas and electricity deals in return for cash.
Under the deal, Age UK receive 0.75% of the amount advanced under each equity release plan sold by Just Retirement, plus a "contribution towards marketing support". On its website, Age UK offers a range of "quality financial products and services provided by our trusted partners, designed to meet the needs of those in later life". The charity's equity release and annuity services are provided by Just Retirement, which shops around different products based on "90% of the equity release market" a spokesperson said. In the small print on the Age UK website, it stated that "Age UK Ent...
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