What are the drivers for growth in equity release?

clock

Steve Lowe takes a look at potential drivers for growth in the equity release market

With many pensioners struggling with the cost of living and the state no longer able to afford to pay the costs of elderly care, it is impossible to ignore the billions tied up in property owned by those in retirement. We saw this in Andrew Dilnot's recent report on care funding, which suggested that alongside product innovation in the pension and insurance markets, people in later life may look to equity release and new mortgage-based solutions to meet their income needs. Tapping into property wealth is a sensitive subject, as much an emotional as a financial decision. This is probab...

To continue reading this article...

Join Professional Adviser for free

  • 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
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •