Archive for the ‘pensions’ tag
AIFA Urges Government to Re-Examine Obstacles to Equity Release
Ahead of the pre-Budget report on Wednesday 9 December 2009 the Association of Independent Financial Advisors (AIFA) has urged the Government to “re-examine obstacles to equity release so that there are fewer disincentives for consumers.”
Using Equity Release as Part of Future Planning
With 39% of people in the UK likely to be dependent on the state pension when they retire, planning for your future has once again become a prominent issue. As a result of this, equity release schemes could feature as a viable financial tool in the future.
Equity Release News Roundup – October 2009
The top equity release news stories covered in the Age Partnership news blog during October 2009.
Equity Release News Roundup – September 2009
The top equity release news stories covered in the Age Partnership news blog during September 2009.
Equity Release Could Boost Misplaced Pensions
An equity release scheme could be the ideal financial plan to help supplement many people’s retirement funds after it emerged that over 37% of Brits who reviewed their pension plans didn’t know where their pension is invested.
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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.
Equity Release - Many Pensioners’ Solution for a Comfortable Retirement
Pensioners have seen their income from savings and pensions fall dramatically this year, as they continue to feel the impact of the drop in interest rates. This has left many pensioners wondering whether equity release is the answer to their financial troubles.
Despite the drop in property prices many pensioners still have a considerable amount of equity on the homes, of which they could drawdown upon via an equity release plan. Releasing equity from their home may be the answer for many pensioners looking for a more comfortable retirement and for those wishing to supplement their current income.
Prudential announce that equity release could free £611 billion for pensioners
Prudential have released figures this week which show that UK pensioners have approximately £611 billion worth of equity in their homes.
In contrast to the recent decrease in property prices, the Prudential Equity Release Index shows that there is still an estimated £611 billion worth of equity which could be released with an equity release product.
Equity release could fill the void left in pensioners’ income since base rate cuts
According to SHIP (Safe Home Income Plans) the six base rate cuts in as many months have left a 25% deficit in pensioners’ incomes, and the answer for many pensioners could be to fill the void by using an equity release plan.
Equity release up 11% at Just Retirement as retirees look to plug the pensions gap
Leading provider of financial products to the retirement market, Just Retirement, has announced an increase in equity release business of approximately 11% in the second half of 2008 compared with 2007.
The company, which is quoted on the London Stock Exchange, announced in its interim results statement that equity release advances during the last 6 months of 2008 totalled £81.8 million.
