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Prudential welcomes Norwich Unions equity release product

Jan Holt, head of sales for Prudential Lifetime Mortgage says Norwich Unions new Equity Release product will benefit the long term prospects for the market.

Holt says: Prudential have been saying for some time that the Lifetime Mortgage market needs more providers to be flexible and innovative with their product offerings in order to drive the market forward.

In light of this it is refreshing to see that Norwich Union will be introducing limited flexibility into their offering.

Customers needs vary so different products will suit different people, so the more providers that offer innovative propositions that meet customers requirements will benefit the long term prospects for the market.

The Lifetime Mortgage market has evolved much over the last year, with Pru becoming one of first companies to launch a flexible drawdown product.

The Prudential Lifetime mortgage offers unprecedented levels of flexibility and innovation by offering a drawdown that customers can take at anytime during their retirement, not just limited to 10 years.

With the added advantage of having an increasing loan to value and the ability to transfer existing loans to other properties, reinforces the fact that Prudential are one of the leading providers of Lifetime Mortgages.


Sales appointment

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Portman denies merger reports

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Out of town

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Trouble ahead - thumbnail

Pensions: trouble ahead?

The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath. 


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