65% of equity release advisers expect increased consumer interest

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Nearly two-thirds of retirement specialist advisers predict a rise in equity release interest over the next 24 months, according to research from Key Partnerships.

Some 65 per cent of the 105 advisers advisers believe this, while 44 per cent see “considerable” future opportunities as a result of the Chancellor’s pensions freedoms.

A major growth area will be the tax advantages from using property wealth ahead of pensions savings, according to 56 per cent of advisers surveyed.

Key Partnerships director Will Hale says: “Equity release is seen as one of the major growth areas for advisers as pension freedoms lay the foundations for expansion with the tax advantages of using property wealth a major boost.”

Meanwhile, 77 per cent of advisers think that the Government should consult with the industry to ensure that equity release becomes a greater part of long-term financial planning.