PA360: Equity release on the cusp of 'revolution'

Equity release panel

Jenna Towler
clock • 1 min read

The equity release market is on the cusp of a revolution with the market set to double in size in the next five years, delegates at PA360 heard.

Equity release experts agreed it was important to educate both clients and advisers about the growing lifetime mortgage market and it would continue to expand as more people looked to property as a way to fund retirement.  Aviva UK head of savings and retirement Alistair McQueen said making pension saving stretch as people lived longer after retiring was a growing challenge.  He added: "We are all having to look beyond core pension wealth. The second biggest source of wealth for many in the UK is property and these products [equity release] must be brought to the table. "Aviva see ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Equity release

Later life lending products – a greater consideration post-Budget?

Later life lending products – a greater consideration post-Budget?

Range of lifetime mortgages available has broadened beyond the traditional

Sanjay Gadhia
clock 15 October 2024 • 5 min read
Royal London acquires later life lender Responsible Group

Royal London acquires later life lender Responsible Group

Mutual purchases remaining stake in later life lending group

Jenna Brown
clock 23 November 2023 • 1 min read
Equity release activity up 26% year-on year

Equity release activity up 26% year-on year

‘Continued return to pre-pandemic market growth’

Julia Bahr
clock 02 August 2022 • 4 min read