Related topic: Later Life

Customers are using the product more as a structured financial planning tool rather than for discretionary spending.

Around a third of a million pensions are being withdrawn at rates of 8% or higher.

Together will contribute to the Council's work encouraging greater collaboration and understanding across the wider later life lending market.

Carly Proudfoot, national account manager at Key Partnerships, explores how Consumer Duty applies to later life lending and how to deliver good customer outcomes by considering...

The framework is designed to help advisers identify clients who may be affected by the reforms and take a more structured approach to family wealth and estate planning. 

Fairer Finance and the Equity Release Council warn the government that urgent action must be taken to ensure housing wealth becomes a recognised part of mainstream retirement planning...

Two thirds of borrowers assume lenders restrict by age and 57% believe that equity release is their only option.

Women aged 55-59 have approximately half (54%) the pension wealth of men of the same age.

The state pension is likely to rise by 3.9% next April, making it liable for income tax.

April says the new range is designed to give advisers more ways to support clients both before and throughout retirement.