Archive for the ‘pensions’ tag
Pension Age Change Could Prompt Women to Turn to Equity Release
The proposed changes to the state pension age may mean a number of hard-hitting changes for many people, according to the warnings given by experts in recent media.
House Price Increases Highest in London
The past twelve months have been very up and down in terms of house prices but the Land Registry has produce positive results for the London area and the south in general. This could be good news for potential equity release customers in the area.
Pensioners “Worse Off”
The change to consumer price index from the retail price index for pensions could leave many retirees out of pocket. This may lead to many considering an equity release scheme to help boost their funds in retirement.
More Information Needed About State Benefits and Equity Release
A new survey produced by Safe Home Income Plans (SHIP) has identified a continuing demand for greater information from the Government about the relationship between equity release and state benefits.
Reasons Why Equity Release Grows in Popularity
Earlier this month Aviva celebrated their 100,000th equity release customer completion. It follows on from increased popularity of equity release schemes over the years, which Andrea Rozario, director general of SHIP (Safe Home Income Plans), believes is down to improved trust.
“Radical” State Pension Overhaul Expected
The state pension, which has been the subject of much scrutiny in recent months, is to undergo a “radical overhaul” according to Business Secretary, Vince Cable. This will be welcome news for many people; however, any changes won’t happen overnight as the government seek long-term solutions.
Making Up the Startling UK Pensions Gap
New research conducted by Aviva with Deloitte has identified and, for the first time, put a real figure on the UK’s pensions gap. Much is made of the shortfall in pensions allowance that is affecting the UK and Aviva’s research shows the UK has the biggest gap in Europe.
Equity Release Could Help Struggling Over-55s
About 21% of the UKs over-55-year-olds are struggling with the amount of income they receive each month. Homeowners, who fall into this bracket, might be able to ease their financial situation by using an equity release scheme to supplement income.
Using Equity Release to Repair the Home
A recent Saga Personal Finance poll has revealed that 34% of over50s in the UK claim their house is in need of repair but 15% cannot afford to fix it. The poll also revealed a number of sources that these homeowners use to pay for repairs yet surprisingly, equity release schemes weren’t mentioned as an option for homeowners over 55-years-old.
Equity Release Affected By and Affects the Economy
Over the past month, the equity release market has continued to be affected and possibly affect the poor economic climate. During August house prices dipped but, with retirement ages being put back and pensions reduced by the recession, the value of equity release – as a source of income in retirement – remains.
