All Retirement Stories

Equity release lending hits new high despite uncertain housing market

Equity release lending hits new high despite uncertain housing market

The number of homeowners releasing equity from their properties hit a new high in October, despite the issues facing the wider UK housing market, according to the latest figures from Responsible Equity Release.

17 Nov 2017

Nationwide joins Equity Release Council after market entrance

Nationwide joins Equity Release Council after market entrance

Nationwide has become a member of The Equity Release Council after announcing its entrance into the lifetime mortgage market.

17 Nov 2017

Nationwide launches lifetime mortgage product

Nationwide launches lifetime mortgage product

Nationwide Building Society has launched a lifetime mortgage product, becoming the only major high street mortgage lender to offer a product of this kind in the equity release market.

17 Nov 2017

more 2 life offers underwriter support for complex cases

more 2 life offers underwriter support for complex cases

more 2 life has launched a new initiative to make its senior underwriters available to speak to advisers regarding any difficult or complex customer cases they may have in the pipeline.

16 Nov 2017

Mortgage borrowing impacting long term savings and GDP growth, warns NIESR

Mortgage borrowing impacting long term savings and GDP growth, warns NIESR

A UK obsession with home ownership means mortgages are crowding out other forms of long term savings and investment, with potentially significant repercussions for individual pension savings and the UK economy as a whole, according to NIESR research for the ABI.

15 Nov 2017

Nearly half of equity release customers have outstanding mortgage debt

Nearly half of equity release customers have outstanding mortgage debt

45% of those looking to cash in some of their property wealth still owe money on mortgages, research from Key Retirement shows.

15 Nov 2017

Increasing number of retirees using part exchange to downsize

Increasing number of retirees using part exchange to downsize

Part exchange is a growing option for retired people looking to downsize according to Spicerhaart, which has seen a large increase in the past year of people using property part exchange to help them move.

15 Nov 2017

Gig workers missing out on £75,000 in pension savings

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Gig workers missing out on £75,000 in pension savings

Gig economy workers could boost the size of their pension pot by up to £75,000 if a form of auto-enrolment were extended to cover all workers, according to Zurich's Pensions Policy Institute.

10 Nov 2017

"It’s not my fault Guv"

"It’s not my fault Guv"

“It’s not my fault Guv” is a phrase I often heard when I was growing up in London. “It’s them bosses who don’t know what they’re doing” or “It’s that Government who don’t know what they’re doing”.

09 Nov 2017

Gender savings gap leaves half of women unprepared for retirement

Gender savings gap leaves half of women unprepared for retirement

The gender savings gap leaves over half of female workers feeling financially unprepared for retirement, according to research from Close Brothers and the Pensions and Lifetime Savings Association.

09 Nov 2017

 

1 in 3 equity release customers use property to clear debts

1 in 3 equity release customers use property to clear debts

New figures from Retirement Advantage reveal that a third of equity release customers are unlocking wealth from their properties to clear debts, alongside using the funds to make home improvements or gifting to family.

06 Nov 2017

Retirement incomes still 27% lower than financial crisis levels

Retirement incomes still 27% lower than financial crisis levels

While the total amount of money being saved into personal pensions has surpassed the pre-financial crisis high, the retirement incomes that are being delivered are still 27% lower than in 2008, according to Moneyfacts research.

03 Nov 2017

Personal Touch adds Pure Retirement to panel

Personal Touch adds Pure Retirement to panel

Personal Touch Financial Services has added Pure Retirement to its panel to provide its appointed representatives with equity release help and advice for their clients.

03 Nov 2017

FSE Midlands: Experts say later life advice model must change

FSE Midlands: Experts say later life advice model must change

Advisers who want to provide the full range of later life advice services will have to change their propositions if they want to make the most of the growing opportunities in the sector, a panel of industry experts has agreed.

02 Nov 2017

LV= launches free 'Doctor Services' benefit

LV= launches free 'Doctor Services' benefit

LV= is making its 'Doctor Services' app available as a free benefit for new retirement policyholders.

02 Nov 2017

L&G announces lifetime mortgages partnership with Co-Op Bank

L&G announces lifetime mortgages partnership with Co-Op Bank

Legal & General Home Finance has announced a five-year partnership with The Co-operative Bank to offer its lifetime mortgages as an option for the Bank’s interest-only customers aged 55 and over.

02 Nov 2017

Stop labelling customers and start finding solutions

Stop labelling customers and start finding solutions

Labels get tossed around a lot. We use them in every element of life, from politics and religion, down through sport and general society. But these labels often don’t truly represent the people or groups they categorise. In fact, the labels can produce a counterproductive effect.

01 Nov 2017

Female divorcees lose £5bn in pension payments every year

Female divorcees lose £5bn in pension payments every year

Seven in 10 couples don’t consider pensions during divorce proceedings, leaving women short-changed by £5bn every year, according to Scottish Widows research.

01 Nov 2017

L&G calls for launch of mid-career financial review for retirement

L&G calls for launch of mid-career financial review for retirement

Legal & General is urging the Government to support the Cridland Review’s proposals for a mid-career financial review and retirement plan.

31 Oct 2017

Equity release lending soars 44% to £800m in Q3

Equity release lending soars 44% to £800m in Q3

The value of equity release lending rose by 44% year-on-year in Q3, as lending passed £800 million in a single quarter for first time, according to the latest figures from the Equity Release Council.

30 Oct 2017

Pensions are not the only fruit - reaping the rewards of holistic later life advice

Pensions are not the only fruit - reaping the rewards of holistic later life advice

Last month we submitted a formal written response to the Parliamentary Work & Pensions Committee regarding its inquiry into the introduction of Pension Freedoms, whether they were working as planned, and in areas such as the PensionWise guidance service, whether this was doing the job it was set up to do.

27 Oct 2017

FCA launches new DB transfer redress calculations

FCA launches new DB transfer redress calculations

The FCA has published new guidance for firms who receive a complaint about defined benefit transfer advice, including new methodology for calculating redress which could increase the value of DB scheme benefits by over 20%.

27 Oct 2017

Pension schemes forced to reveal fees under government proposals

Pension schemes forced to reveal fees under government proposals

For the first time, pension schemes will be required to publish the fees they charge their members, under government proposals announced today.

26 Oct 2017

Third of advisers to direct more business to platforms

Third of advisers to direct more business to platforms

A third (36%) of advisers expect to direct more business to platforms over the next 12 months, with overall assets on platforms expected to surpass £1.2 trillion by 2021, according to Aegon research.

25 Oct 2017

Just Group calls for 'radical' auto-enrolment into pension guidance

Just Group calls for 'radical' auto-enrolment into pension guidance

Retirement firm Just Group believes a new framework being created by the Financial Guidance and Claims Bill is an opportunity to introduce “automatic enrolment to guidance” to increase usage, particularly among vulnerable pension savers.

24 Oct 2017

Steve Webb urges HMRC to end emergency tax pension 'scandal'

Steve Webb urges HMRC to end emergency tax pension 'scandal'

Royal London is calling on HMRC to end its "tax first, ask questions later" approach to taxing pension withdrawals under the ‘pension freedoms’ legislation.

23 Oct 2017

DWP to take lead on Pensions Dashboard

DWP to take lead on Pensions Dashboard

Pensions minister Guy Opperman has confirmed that the Pensions Dashboard will go ahead and that DWP will be the 'lead department' during the development and roll out.

19 Oct 2017

13% who take regulated advice report mis-selling: FCA

13% who take regulated advice report mis-selling: FCA

At least 1.3 million UK adults claim to have experienced mis‑selling from an adviser at some point, a new FCA survey has found.

18 Oct 2017

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