Equity Release Council chairman Nigel Waterson has urged government to address a ‘knowledge and policy’ vacuum and take control of equity release.
There has been a 23% increase in the number of UK adults who would consider equity release yet understanding of specialist advice remains low, finds research.
In many ways, this has been a radical government when it comes to pensions policy: introducing automatic enrolment from 2012; raising the retirement age in line with increased longevity; and simplifying the state pension so everyone is clear on what they can expect, and when.
Investors want to know the one thing you can’t reliably tell them – what return will they get?
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