Ian Jefferies, head of protection at Skandia, highlights how clients can balance equity release while still protecting their legacy...
Many generations of people have worked hard throughout their whole lives in the hope of a comfortable and stress-free retirement. Their goals are often relatively simple: to pay off a mortgage, give up work at a reasonable age, enjoy the occasional holiday and buy a new car every once in a while. On top of this, many people will have the aspiration to pass on some of the wealth they have created throughout their lifetime to their family. Often, this is mostly made up from the equity in their house. It is well documented that there is a savings gap when it comes to retirement planning....
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