93% of advisers think property wealth should be part of retirement planning
With 31% not considering home equity at all
Equity Release
-
-
Brits suffer £48bn retirement income deficit every year
Lang Cat calls on industry to improve regulation around equity release to fix the issue
-
Should Brits use property to fund retirement?
As downsizing and equity release increasingly continue to be part of investors’ plans
-
Savers turn to properties to fund retirement
‘Significant increase in house prices’ to make strategy ‘more commonplace’
-
Royal London acquires 30% stake in later life specialist
Insurance giant believes equity release ‘will become a core part of financial planning’
-
UK bank sells life arm to US reinsurer
It will withdraw its products from the market including annuities and equity release
-
£3.4bn in property wealth released in 2020
Money was mostly used to boost financial resilience or make gifts to family
-
Brits turn to inheritance to fund retirement
Figures show a ‘looming later life funding crisis on the horizon’
-
Equity release advice ‘too transactional’, says Sandringham CEO
As UK regulator finds firms don’t always have evidence offering is ‘suitable’ for clients
-
FCA wary of equity release harm to retirees
As data finds homeowners accessed £13bn via later life products since April 2015
-
Majority of Brits not planning to downsize in retirement
Despite many being property rich but cash poor
-
£4bn obtained via equity release over last 12 months
It has become a ‘mainstay of financial planning for older people and it’s not going anywhere’