SHIP demands Govt-led equity release debate

In a discussion paper entitled 'Facing the Future, Redefining Equity Release to meet today's social and economic challenges', SHIP says consumers are putting their equity to wider uses. It suggests equity release customers now fall into six categories which include those who are struggling financially to those who wish to maintain their standard of living. In order to meet these changing demands, SHIP says the equity release market must adapt products, advice and pricing and has called for a debate on how this can be achieved. Alongside the debate which will also include voluntary ...