More retirees than ever are using pension assets and equity release to fund retirement. Here, Dean Mirfin outlines why lasting power of attorney is a necessity...
There's no doubt that the pension reforms have accelerated product innovation and a shift in attitudes in the retirement landscape. As a retirement planning specialist, perhaps the biggest change we have seen is the changing product preferences of those in and approaching retirement. New figures from the Equity Release Council found 65% of customers who took out an equity release plan in the first half of 2015 chose a drawdown plan, allowing them freedom to access further sums of cash as and when they need them - simultaneously reducing the interest rolling up on their plan. As pre...
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