Head to head: Would you recommend equity release?

Dave Penny, managing director at Invest Southwest, says at present the terms of equity release are fair with reasonable rates and 
good flexibility. He believes the days of releasing equity to invest in high commission bonds are over, however not in the minds of the more cautious older generations, for whom equity release options do apply. Penny says both advisers and the public view equity release with suspicion. “Advisers think it is difficult to gain authorisation, crippling in terms of professional indemnity insurance and generally a can of worms,” he says. He disagrees: “This i...