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Customers should not use the information to form an opinion about equity release in relation to their individual requirements.
Annuity trends to influence equity release plans
Tuesday, October 20th, 2009
Older workers should look to lock in some of the gains enjoyed by their pension plans following the stock market rally of recent months, an adviser has suggested.New industry analysis from Hargreaves Lansdown suggested that many savers who were soon to retire should liquidate some of their share-based investments, in ... read more
State pension age of 70 could see increase in equity release plans
Tuesday, October 20th, 2009
Strong criticism of proposals to increase the UK's state pension age to 70 has been made by the general secretary of the Trades Union Congress (TUC).Brendan Barber said today (October 20th) that the plans, put forward in a report released earlier this week by the Institute of Directors, would effectively ... read more
Increase proposed to state pension age
Monday, October 19th, 2009
The UK state pension age should be raised due to rising longevity, the Institute of Directors (IoD) has said.According to the thinktank people should only be allowed to retire at 70 years old in future.The IoD added that this policy would help to reduce the costs of government pension provision.This ... read more
Experts concerned about government pension plans
Monday, October 19th, 2009
The upcoming auto-enrolment Personal Accounts programme could damage pensions in the UK, it has been suggested.A top pensions analyst at financial adviser Hargreaves Lansdown said that the scheme could lead to employers cutting their pension contributions.This would in turn lead to workers retiring on smaller incomes than they might have ... read more
Benefits of having a job highlighted for elderly
Monday, October 19th, 2009
Retired Britons can boost their finances and their health by taking on paid work, new analysis has suggested.Age Concern and Help the Aged said that the risk of suffering from depression can be lower if the elderly person has a job to go to.Meanwhile, recent research from the University of ... read more
Claims firms criticized by banks
Friday, October 16th, 2009
Customers are being misled by firms promising that they can wipe out their credit card debts by using legal loopholes.Research commissioned by the British Bankers' Association (BBA) and conducted by GfK NOP has revealed failures among some Claims Management Companies (CMCs).Many of these firms offer customers the chance to dispute ... read more
Equity release praised by debt expert
Friday, October 16th, 2009
A debt specialist from financial website Think Money sees an increasing role for equity release in the recession.The specialist said that the present financial climate made it "particularly important" for debtors to seek solutions to their financial concerns.Think Money's comments follow the release of new research from Key Retirement Solutions, ... read more
Carers UK slams NHS report
Friday, October 16th, 2009
The NHS needs to invest more in support services targeted at carers, a campaigns group has said.A representative of Carers UK said that a lack of government money was a "real problem" for many families who are "struggling to cope".Data released by The Princess Royal Trust for Carers and Crossroads ... read more
Carer uses equity release to clear debts
Thursday, October 15th, 2009
Equity release can offer a good solution for alleviating the burden of personal debt repayments, a borrower has said.Linda Henshaw, a 61-year-old carer, said that she is now "mortgage and debt free" as a result of taking out a plan.Speaking to the Daily Mirror, Ms Henshaw said that she first ... read more
Guidance highlights equity release options
Thursday, October 15th, 2009
New industry analysis from Moneyfacts.co.uk has looked into the various equity release products currently available to borrowers.According to the financial website, the equity release market remains relatively vibrant despite the pressures of the credit crunch and economic downturn, with "plenty of products" for consumers to choose from.Moneyfacts.co.uk also explored the ... read more
