Customers should not use the information to form an opinion about equity release in relation to their individual requirements.
Equity release ‘can plug pensions gap’
Tuesday, May 1st, 2012
Homeowners aged between 55 and 95 are likely to be increasingly tempted by using equity release plans to supplement their pension incomes in the future.According to a report by AOL Money, there is an "enormous gap" between the amount of money most people can expect to receive in their retirement ... read more
Equity release customers ‘fall into three categories’
Monday, April 30th, 2012
Older homeowners looking into ways to boost their financial situation in their retirement may be looking into ways of unlocking money from the value of their property.According to Matthew Clark, a chartered financial planner at Thomas Westcott wealth management, there are three types of people who want to use equity ... read more
Equity release ‘requires professional advice’
Friday, April 27th, 2012
Homeowners between the ages of 55 and 95 ought to seek professional advice if they are considering equity release schemes as a method of boosting their income in retirement.According to the Money Advice Service, this is a very "complex" area of personal finance and it is important those who are ... read more
Equity release customers ‘should discuss issue with family’
Tuesday, April 24th, 2012
Homeowners aged between 55 and 95 may be looking into ways to release money from the value of their property in a bid to improve their financial position in their retirement.But for those considering equity release plans, it is important to talk over all of the options and the impact ... read more
Equity release ‘suitable in many circumstances’
Monday, April 23rd, 2012
Many older homeowners are struggling to balance the books due to the state of the economy in the UK at the present time and they are likely to be examining their financial options.Although equity release schemes may not be the best choice for some people, there are a lot of ... read more
Financial planning a must, says IFP
Friday, April 20th, 2012
Individuals have been urged to ensure they are prepared for their later years, as a rising retirement age coupled with increasing life expectancy is changing the amount of money they are going to have to put away for their future.According to the Institute of Financial Planning (IFP), people should seek ... read more
Retirees ‘focused on saving money’
Thursday, April 19th, 2012
Retired people are increasingly attempting to put money away for the future in order to ensure they will be financially comfortable, according to the results of a new poll.
Research by Prudential found 57 per cent of retirees indicated saving cash is going to be a top priority, although record low ... read more
Inflation hits elderly hardest, research shows
Wednesday, April 18th, 2012
Older people continue to be affected by a higher rate of inflation than other sections of society, it has been revealed by the Alliance Trust Economic Research Centre.Although the headline rate of inflation rose from 3.4 per cent to 3.5 per cent in March according to the Office for National ... read more
Inflation up during March
Tuesday, April 17th, 2012
Figures from the Office for National Statistics (ONS) show that the headline rate of inflation rose during March following a period of successive drops.It was up from 3.4 per cent to 3.5 per cent, reversing the trend for decreases that have been in effect for the last few months since ... read more
FSA criticised over equity release rules
Monday, April 16th, 2012
The Financial Services Authority (FSA) has been criticised by the Financial Services Consumer Panel (FSCP) over changes to rules surrounding the equity release industry.In a bid to make the situation easier and safer for those seeking advice on mortgages, sale-and-rent-back schemes and equity release schemes, the FSA announced that non-advised ... read more
