Archive for the ‘Retirement Planning News From Age Partnership’ Category
Fast Track 100 success for Age Partnership!
Retirement specialist, Age Partnership, has been ranked amongst the UK’s fastest growing private companies in the Sunday Times’ Fast Track 100 for 2011.
Despite its core market of equity release having gone through a challenging period, Age Partnership managed to achieve impressive annual growth figures of 57.11% over the last 3 years, placing it at number 73 in the prestigious league table.
Founded in 2005, Age Partnership has become the UK’s leading over-the-phone equity release adviser, accounting for almost a quarter of all plans taken out in the UK today.
At the start of the year, the company launched an innovative annuity comparison service, giving customers the ability to compare and buy annuities free of charge. Whilst originally launched as a direct-to-consumer offering, this service has also proven to have appeal amongst financial services professionals, who are able to use the service as a fee-generating referral outlet for lower-value annuity clients, who would not otherwise be commercially viable to them.
The company now employs 90 people at its office in Leeds and has recently taken on additional office space to accommodate further aggressive growth plans for 2012, when it plans to create a further 30 jobs.
Chief Executive Officer, Tim Loy, says:
“It’s been a fantastic few years for the company, and to achieve what we have despite the challenging economic climate is something of which we’re extremely proud.
“The credit for this goes to the fantastic team that we have at Age Partnership. The dedication that all our colleagues show towards innovation and exceptional customer service is second to none.
“We’re now looking forward to building on our success to date to become the UK’s number one choice for retirement income solutions.”
Low interest rate from Aviva expires soon – last chance!
The next few weeks could be the last chance customers have to secure the preferential low interest rate that’s fixed for life with the Flexible lifetime mortgage from Aviva.
Customer who qualify for this particular plan from Aviva could benefit from a low interest rate of 6.32% annually. The overall cost for comparison is 6.60% APR. However this rate will only be available until the 31st October 2011.
Age Partnership will continue to have other exclusive plans with Aviva that incorporate more great features though – including the Enhanced Lifetime Mortgage that allows customers to release up to 55% of their property’s value.
Other great benefits include;
- Preferential low interest rate
- Free property valuation
- £200 cash back when your plan completes
- Inheritance guarantee
- No monthly repayments
If you’re interested in finding out more about the Aviva plans available, get the facts from Age Partnership today with independent and impartial advice. Qualified advisers will make sure that equity release is right for you and discuss your other options, including what impact releasing equity will have the size of your estate over time. The specialists at Age Partnership can also advise you if your entitlement to means-tested benefits could be affected.
The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
Plan availability is subject to lender’s criteria.
Maximum cash release of 55% is dependant on age and health. Example provided is based on a 90 year old client with health conditions.
Equity release may involve a lifetime mortgage or home reversion plan. To understand the features and risks ask for a personalised illustration.
We provide initial advice for free and without obligation. Only if you choose to proceed and your case completes would a typical fee of 1.6% of the amount released be payable.
Don’t fall short with your annuity – consider acting quickly
Millions of retirees could be affected, as European and US debt problems have a negative impact on annuity rates.
This means that if you’re approaching the time when you want to turn your penson pot into an annuity (an income for life) you should consider acting sooner rather than later.
It’s essential that you not only shop around for the best rate, but that you also find out if you qualify for an enhanced annuity, which can mean a bigger income. Minor lifestyle choices such as drinking or smoking and common medical conditions such as high blood pressure or diabetes can enhance your retirement income.
In fact, did you know that 77% of people are missing out on additional income in retirement by not enhancing their annuity?
Source: The Independent & www.MGMadviser.com
Not Enough Savings for Retirement Age
The Scottish Widows seventh annual pensions report suggests that individuals are failing to save adequate money for their retirement. Therefore it is likely that there could be an increase in the amount of individuals 55 years old or more seeking out equity release schemes at some time during their retirement.
One Possible Option to Avoid Working Until 70
Homeowners facing up to the possibility of having to work well into their 70s might find that an equity release scheme is the best way to finance an enjoyable retirement.
Will Baby Boomer Generation Need Help in Retirement?
Next March will mark 65 years and nine months since the end of World War Two, which would suggest the first wave of the baby boomers will be reaching retirement. This could see many of these considering an equity release scheme to help them out in the current climate.
House Prices Reach 2006 Levels
The constant improvement in the housing market in England and Wales has reached a level last seen in 2006, and many commentators believe that this will remain constant throughout 2010.
Why Use An Equity Release Calculator?
Considering an equity release scheme to supplement your income in retirement is a big decision and one that isn’t suitable for all homeowners. This is why an equity release calculator can prove to be so useful.
SHIP Continue to Champion Equity Release as a Retirement Fund
With the number of homeowners above State Pension Age (SPA) likely to increase, equity release could become a more popular means of funding retirement. This is the view of Safe Home Income Plans (SHIP) who represents the equity release market and is continuing to petition government to produce a leaflet advertising equity release to those approaching 65 years old.
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Recession hits pension funds as almost two million Britons delay retirement
Approaching two million people have delayed retirement after seeing a fall in their pension funds, according to survey results from retirement income firm MGM Advantage.
