Peter Welch highlights the need for the industry to work together to develop the equity release market
It is fair to say that in the broad spectrum of financial services, the equity release sector certainly punches above its weight in terms of media coverage, the advice offered and the consumers who go ahead with the plans. But for the majority in this country, the notion that ‘my home is my castle’ (and therefore should be passed on in its entirety to our beneficiaries) can sometimes seem all pervading. Therefore, anyone who chooses to use the equity stored in their home and the advisers and providers who facilitate such an activity, can be viewed with thinly-veiled suspicion. The fact r...
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