Almary Green predicts rise in demand for equity release

According to MD Carl Lamb, equity release is an area of advice which could grow substantially in the years ahead as changing UK demographics prompts growth in the percentage of the population reaching retirement age. "The baby-boom generation is now approaching retirement, but they have a very different attitude from those who have retired in the past 20 years or so," he says. "They have mortgages, they have been used to borrowing through unsecured loans, and they have been far more generous to their children than their own parents were with them. "As a result, they are more likely...