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KRS warns many elderly still on poverty line

Key Retirement Solutions warns that despite the property value of retired homeowners rising by £148bn over the past 12 months, too many are living close to or below the poverty line.

The IFA says that as house prices continue to rise, more pensioners are becoming equity rich but cash poor, and are using equity release to unlock their wealth.

It says that the equity release market has experienced rapid growth over recent years, with a growth of 86% in the first half of this year.

Colin Taylor, managing director of Key Retirement Solutions, says: “The advantage of equity release schemes is that they enable the homeowner to unlock some of the equity in their property, without the need to put up a &#39for sale sign&#39 at the front door and move home.”

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Reforming India: just the beginning

By Kunal Desai, Neptune India Fund

As global investors continue to scour emerging markets through the lens of reform potential, India shines bright. Indeed, we think it can sparkle even brighter. We anticipate India’s self-imposed 10-year ‘policy holiday’ to turn into one of the most pro-growth and pro-investment policy calendars seen in Asia in years. The Indian electorate has engineered a historic verdict. We now have the strongest Indian government since 1984, with the pro-market Bharatiya Janata Party (BJP) achieving an absolute majority for the first time in the party’s history.

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