Related topic: Later Life

Two thirds of these households would consider shared ownership if the income caps were raised to include them.

92% of advised retiree households are satisfied with their retirement income compared with 47% of those who have never sought advice.

Three in five UK adults (62%) could face a major life experience, damaging their retirement plans.

Cost is the most common reason for not seeking advice, cited by 28% of respondents.

The partnership aims to support closer collaboration and knowledge-sharing across the wider later life lending market.

The industry was cautiously optimistic about the announcement, but said the 'devil will be in the detail' of how it will hold its value relative to earnings over time.

16% of brokers have worked with older borrowers looking to be added to a mortgage to help a family member, but just 9% of clients are aware of JBSP.

Its new joined-up advice journey enables customers to explore alternatives to borrowing and all relevant lending options via a single adviser.

Equity release customers can now make an unlimited number of overpayments within their early repayment charge allowance.

We spoke to Jim Boyd, CEO of the Equity Release Council, about how the later life market has transformed in the 35 years since the Council was founded, how safeguards have evolved...