Duncan Young discusses what needs to happen to grow the equity release market
Equity release is seen by many as punching below its weight. For many reasons the market has been predicted to grow, and grow substantially, but in recent years every quarterly set of SHIP statistics have shown little growth, or in the case of the latest statistics, a decline in volumes. When talking with market participants each have a reason for this. These include: - A legacy of poor products dominating media coverage; - A lack of realisation about product development by both customers and advisers; - Too few advisers operating in the equity release space; - Complicated regulat...
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