Motoring costs have soared by more than 20 per cent since 2007, according to new figures.The news could encourage some people to use an equity release calculator to see if they could meet the rising costs with cash taken from the value of their home.A recently-published report by Sainsbury's Finance ... read more
Moves to curtail the pensions tax relief offered to high earners are being rushed through parliament ahead of the forthcoming election, according to the Chartered Institute of Taxation (CIOT).The news could inspire a number of people to look into equity release plans as a way of boosting their retirement income.According ... read more
The public sector pensions system is in need of a major overhaul as the current final salary model is "unsustainable", according to the Confederation of British Industry (CBI).These comments could spark an increase in the popularity of equity release schemes such as lifetime mortgages.According to the CBI, unless a "more ... read more
A water rate postcode lottery in the UK is hanging consumers "out to dry" according to one price comparison service.Equity release schemes could become more popular following the news that disparities on water rates are seen across the country.Data recently published by uSwitch.com has revealed that some areas in England ... read more
The government should be raising awareness of equity release plans as a way for older people to pay for domiciliary care, according to one industry organisation.Equity release products such as reversion plans can ease the burden of paying for social care, SHIP, the equity release trade body has said.The comments ... read more
Total personal debt in the UK now stands at £1,464 billion after increasing by 0.9 per cent over the last year, a new report has revealed.The figure could inspire a number of homeowners to look into equity release as a way of boosting their income.Data taken from a recently-published study ... read more
The "most fundamental" problem in regards to pensions is that not enough people are saving.This is the view of investment manager Hargreaves Lansdown, which said even those who are saving are not putting enough aside.It follows yesterday's (March 29th) call from the National Association of Pension Funds for the creation ... read more
Almost one-quarter of people who are planning to purchase a new or used car in the next six months intend to take out a loan in order to do so, it has been revealed. People over 55 also have the option of generating this lump sum through an equity release ... read more
A group of pension experts has launched a new blueprint aimed at improving the UK's pension scene.The National Association of Pension Funds' (NAPF) wish list, entitled Fit for the Future - NAPF's Vision for Pensions, includes a recommendation to introduce a Foundation Pension worth up to £8,000 per year.According to ... read more
As the race to the general election intensifies in the wake of the recent Budget, the Liberal Democrats have accused the Conservative Party of being confused and unfair in its treatment of pensioners' finances.It follows a speech by David Cameron in which he stated that under a Conservative government the ... read more