All Retirement Stories

FCA reveals final annuity comparison rules for intermediaries

FCA reveals final annuity comparison rules for intermediaries

The FCA has today set out its final rules which require firms to inform consumers how much they could gain from shopping around and switching provider, before they buy an annuity.

26 May 2017

Will the housing market get a boost from new retirees?

Will the housing market get a boost from new retirees?

Research from Retirement Advantage suggests the UK’s property market may receive a welcome boost from retirees moving house in a bid to bolster their income in retirement.

26 May 2017

more 2 life urges advisers to think outside the box in new campaign

more 2 life urges advisers to think outside the box in new campaign

more 2 life has today launched a campaign urging advisers to see ‘The Bigger Picture’ when communicating with their clients.

26 May 2017

Added extras or part of the service offering?

Added extras or part of the service offering?

Two articles recently caught my attention. The first commented upon the commission mortgage advisers could be missing out on due to their not reviewing the adequacy of their clients’ home insurance. The second was a report on the Equity Release Council’s white paper, ‘Equity Release Rebooted: The Future of Housing Equity as Retirement Income’, in which it was stated that some equity release advisers need to refresh their soft skills.

25 May 2017

Industry split on Tory plans to fund care with housing equity

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Industry split on Tory plans to fund care with housing equity

The Conservative manifesto, released today, proposes that those with more than £100,000 in assets will have to pay for their own elderly care out of the value of their homes.

18 May 2017

Advisers forecast boom in inheritance tax advice

Advisers forecast boom in inheritance tax advice

Financial advisers are forecasting a boom in demand for inheritance tax advice and looking to strengthen business partnerships with lawyers to help them cope, according to research from Prudential.

18 May 2017

Clients' health vital to securing preferential terms: FSE

Clients' health vital to securing preferential terms: FSE

The ability to offer your equity release clients enhanced terms means you should always ask them about their health situation, said Key Retirement's Dean Mirfin, speaking at today’s FSE Manchester.

17 May 2017

ABI to maintain Pensions Dashboard momentum with interim project

ABI to maintain Pensions Dashboard momentum with interim project

The Association of British Insurers says it will establish and lead an interim phase of the Pensions Dashboard project to maintain momentum with development.

17 May 2017

Retirement Advantage launches lowest ever equity release rate

Retirement Advantage launches lowest ever equity release rate

Retirement Advantage has expanded its Lifestyle Options product range with 'Lifestyle Lite' which offers a monthly interest rate of 3.92% - its lowest ever rate on an equity release product.

15 May 2017

Labour state pension age plans to cost £300bn: Webb

Labour state pension age plans to cost £300bn: Webb

Former Pensions Minister Steve Webb has estimated that the Labour manifesto proposal to scrap the planned pension age rise will cost £300bn.

12 May 2017

 

Labour plans to introduce “flexible” retirement age

Labour plans to introduce “flexible” retirement age

A leaked copy of the Labour manifesto shows that the party rejects the Conservatives’ proposal to increase the state pension age and will guarantee the state pension “triple lock” throughout the next Parliament if Labour wins the General Election.

11 May 2017

Equity release market brands FCA's qualification u-turn 'disappointing'

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Equity release market brands FCA's qualification u-turn 'disappointing'

The equity release industry has given a mixed response to yesterday's news that the FCA has decided against introducing a standalone equity release qualification.

10 May 2017

more 2 life launches seven-day commission payment process

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more 2 life launches seven-day commission payment process

more 2 life has launched a new payment process that enables it to pay advisers the commission due from a completed loan within seven days.

10 May 2017

Personal Touch joins Equity Release Council

Personal Touch joins Equity Release Council

Adviser network Personal Touch Financial Services has joined the Equity Release Council.

10 May 2017

Millennials will need £1m pension pot to retire

Millennials will need £1m pension pot to retire

Millennials will need a £1m pension pot to fully retire, according to research by international advisory and accountancy firm Mazars.

10 May 2017

Majority of providers missing vital data for Pensions Dashboard

Majority of providers missing vital data for Pensions Dashboard

The majority of pension schemes and providers are missing crucial customer data that is needed for the Pensions Dashboard, according to official research for the Pensions Dashboard Prototype carried out by technology partner ITM.

09 May 2017

FCA scraps plans for standalone equity release qualification

FCA scraps plans for standalone equity release qualification

The FCA has decided not to introduce a new standalone equity release qualification after receiving "mixed feedback" on whether there was a market need.

09 May 2017

How will Labour's £80k income tax plans affect pensions?

How will Labour's £80k income tax plans affect pensions?

Over the weekend, Labour’s John McDonnell announced if elected, the party would raise income tax for those earning in excess of £80,000.

09 May 2017

In the Spotlight with Kim Lerche-Thomsen, Primetime Retirement

In the Spotlight with Kim Lerche-Thomsen, Primetime Retirement

We spoke to Kim Lerche-Thomsen, CEO of Primetime Retirement, about The Pensions Dashboard and the role of technology in the retirement market.

05 May 2017

New cost-saving paraplanner tool trialled by LV= launches

New cost-saving paraplanner tool trialled by LV= launches

Robo-adviser Wealth Wizards has today announced the launch of a new automated paraplanner tool for advisory firms.

05 May 2017

Baby boomers keen to ensure inheritance goes to the right place

Baby boomers keen to ensure inheritance goes to the right place

Parents are keen to keep control over how any money they leave after they die is spent by their children, new research from Prudential shows.

05 May 2017

Equity Release Council adds first ever adviser representative to board

Equity Release Council adds first ever adviser representative to board

The Equity Release Council has appointed two new board directors following a vote by members announced at its Annual General Meeting last week.

04 May 2017

Over 65s mortgage debt to double by 2030: BSA

Over 65s mortgage debt to double by 2030: BSA

The amount of mortgage debt held by over 65s is set to increase by more than £19 billion by 2030, from £20.1 billion to £39.9 billion, according to a new study by ILC-UK and the Building Societies Association.

03 May 2017

Royal London proposes 'middle way' on triple lock

Royal London proposes 'middle way' on triple lock

Royal London has set out a three point plan for the key pension priorities of an incoming government, including a 'middle way' on the triple lock.

30 Apr 2017

Wealth accumulated via mortgage repayments hits record £62.7bn

Wealth accumulated via mortgage repayments hits record £62.7bn

Wealth accumulated by UK homeowners through mortgage repayments rocketed to a record £62.7 billion in 2016 – paving the way for housing wealth to play a vital role in funding later life, according to a new report by the Equity Release Council.

29 Apr 2017

Retirement finance: a tactical move for the next government

Retirement finance: a tactical move for the next government

Equity release activity shows no signs of slowing down. Despite recent record-breaking years the first quarter of 2017 was another stellar period for the lifetime mortgage as transactions were up a mighty 61% on the figure set in 2016. This is even more impressive as the start of the year tends to be a slow period for equity release, and yet we keep marching on setting new benchmarks and targets for the next year. Our growth should put the rest of the mortgage industry on notice and let those outside our little corner know that equity release is here to stay. But what are the chances of equity release being noticed in this noisy Brexit and general election fueled landscape?

28 Apr 2017

Government delays response to Cridland Review

Government delays response to Cridland Review

The Government has announced that it won't publish its response to the Cridland review of State Pension ages by the 7th May deadline due to the General Election.

28 Apr 2017

£6.45bn released in second year of pension freedoms

£6.45bn released in second year of pension freedoms

A total of 393,000 retirees accessed £6,450m from their pension pots between Q2 2016 and Q1 2017, according to new HMRC data.

26 Apr 2017

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