Equity Release Debated In House Of Lords
Peers, Consumer organisations, Charities and Equity Release Providers convened at the House of Lords on 28th January 2009 to discuss the future of equity release in retirement planning.
Organisations such the Office of Fair Trading, Financial Services Authority and HM Treasury debated the challenges to achieving a more significant use of safe equity release to help fund retirement.
Release the Equity in your Property & Remain in your Home for Longer
Speaking at the event Baroness Hollis said, “It is distressing to see people unable to finance the retirement they need, while they are hanging onto an asset they could use. People don’t always understand longevity, and that they may have 30 years in retirement. Safe equity release could help them stay in their own homes for longer. We need to see pensions and housing together as a continuum of assets to be used both before and after retirement.”
For more information on how equity release through Age Partnership could help fund your retirement years, call us free of charge on 08080 555 222.
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