The majority of advisers believe the equity release market will continue to grow over the next six months.A survey by Norwich Union Equity Release reveals 87% of advisers expect to be writing more business in the next six months compared with 75% a year ago. The 200 advisers who took part in the poll highlight the growing popularity of property as an investment as being one of three factors that has led to growth in equity release, with 27% saying rising house prices have encouraged interest in the sector. Advisers also point to inadequate pension provision and the fact many people want to maintain their lifestyles in retirement as reasons individuals need to look at alternative sources of income. Some 36% of advisers say lower returns on investments will see more consumers turning to the equity release market. Advisers also believe there is an increasing openness about equity release, with family and friends more willing to discuss it as a way of funding retirement. This is reflected in the increase in the numbers of newly retired people requesting information about the sector.
The Exchange has entered into a strategy partnership with Just Retirement, the annuity and equity release specialist.
The Confederation of British Industry is calling on the Government to address regional disparities in new business start-up rates which are affecting jobs and prosperity across the UK.The employers’ organisation is worried by the startling and growing gap in regional rates of new businesses . London has more firms and companies thanWales, Scotland and Northern […]
Northern Rock has reduced rates on a large number of its products. In the flexible fixed range, two-year products are now available from 4.49%, three-year products start at 4.59% and five, seven, 10 and 15-year products start at 4.89%. Stepped flexible fixed products now start at 3.49%. All products within the Together range, which allows […]
Figures released by the Office of the Deputy Prime Minister today show that August’s house prices rose 2.8% from year ago levels, compared to a rise of 4.0% in July 2005. The pace of house price inflation is the slowest in over nine years, since recording a rise of 1.1% in Q2 1996.House price rises […]
Political change and the ‘normalisation’ of interest rates mean 2016 is likely to be another interesting year. But what will it bring for equities – and bonds? Here, a number of Artemis’ managers share their views. Click here to read the full article
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