Third of over-55s likely to use equity release - Canada Life

Those with higher value pensions (more than £200,000) are more likely to release equity (42%) than those with pensions valued at less than £200,000 (27%), according to the firm. When thinking about their homes as part of retirement income plans, 35% of over 55s on higher incomes (£50,000 plus) are more likely to consider releasing equity as part of their income plans, compared to 22% of those earning less than £20,000 and 33% of those earning between £20,000 and £50,000, the research suggested. Canada Life's surveyed 506 UK adults above the age of 55 with a defined contribution pensio...