Simon Chalk considers some of the product innovations in the equity release market
There’s a quiet revolution going on in the area of later life planning. It hasn’t gained much publicity, and not many people seem to have noticed, but hugely significant developments have been made this year. Two companies have launched ground breaking solutions to the problem of how we are going to pay the cost resulting from increased longevity and in particular, the cost of care. They have in effect, made the financial planning equivalent of a breakthrough linking two cave systems. It is easy to underestimate the importance of what they have done so financial planners take note; we ha...
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