Equity Release
UK bank sells life arm to US reinsurer
It will withdraw its products from the market including annuities and equity release
£3.4bn in property wealth released in 2020
Money was mostly used to boost financial resilience or make gifts to family
Brits turn to inheritance to fund retirement
Figures show a ‘looming later life funding crisis on the horizon’
Equity release advice ‘too transactional’, says Sandringham CEO
As UK regulator finds firms don’t always have evidence offering is ‘suitable’ for clients
FCA wary of equity release harm to retirees
As data finds homeowners accessed £13bn via later life products since April 2015