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Safe Home Income Plans rebrands

Safe Home Income Plans, the equity release trade body has rebranded with a new logo and website.

The website has been updated to provide specific areas for financial advisers and customers.

Andrea Rozario, director general of SHIP, says: “The new website was created to provide an engaging equity release information source for consumers, advisers and members. We have created a dedicated financial adviser area in recognition of the importance of advisers in the development of the equity release industry.

“We understand that some financial advisers may need more details before taking the first step into the equity release market, and the new website will provide them with information about the market and the role of SHIP within it.

“2009 is shaping up to be a key year for the equity release industry. SHIP’s policy consultation phase commenced with our recent event at the House of Lords, attended by politicians, charities and consumer organisations. The publication of the SHIP White Paper should provider consensus on the steps needed to ensure equity release takes its place as an integral part of mainstream retirement funding.”


Mortgage lending falls further in January

Mortgage lending activity continued to reduce in January with only 23,400 mortgages completed, down from 32,400 in December and 48,600 in January 2008, shows figures from the Council of Mortgage Lenders.

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England vs Australia: pensions

Well, the cricket season is here, and England and Australia are stepping up to the wicket. Although we compete with each other in the sporting world, when it comes to pensions, Australia’s pension programme is held up as a model for our auto-enrolment initiative. Auto-enrolment was introduced because people weren’t saving enough into their pensions, and it is still early days but signs are positive. However, in Australia, saving into a pension is compulsory, and in fact employers are the ones who have to pay in. Employees in Australia can make additional contributions into their pensions, but they don’t have to. Should the onus be on the employer or employee to save? Well in the UK we think it’s both, but to get ‘adequate’ savings for retirement it’s the employee who has to pay more in.


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