With property increasingly used to deliver retirement income Alice Watson explains why she believes it's time for financial advisers to rethink the planning process
Although many in financial services might have missed it, the Equity Release Council's (ERC) recent Spring Market Report heralded something of a turning point. Property is now being fully recognised, and utilised, as a safe and reliable way to resource people's retirements in the UK. The numbers are revealing. Two years ago people aged over 55 released 29p of housing wealth for every £1 released in flexible pension payments. Roll forward and this ratio has nearly doubled. In the last quarter of 2017 the figure was 56p per £1 of pension payments. Clearly this is a significant step...
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