Unsurprisingly more and more people are beginning to recognise that the wealth tied up in their homes can help them to enjoy their retirement.
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Retirement Planning
Retirement planning and related subjects
Paying for Long Term Care
Few of us make any provision for long term care and expect the State to pick up the tab if and when the need arises. Our first involvement with the care sector often takes place when our parents can no longer look after themselves …
Advisers Offer Advice….. Not Sales:
Following on from our recently launched Adviser Tracker I was intrigued by some of the results we received to our questions. It’s really interesting to see how advisers and customers are getting along and feedback from the coalface is great for helping to inform how we can make sure customers are receiving as much help and information as possible. …
Maintaining a Sustainable Retirement Income
The announcement of greater freedoms in the last Budget has increased the scope for taking income from personal pension funds. Drawdown equity release plans can offer an attractive method of supplementing retirement incomes whilst at the same time preserving the value of pension pots. …
Can You Afford a Comfortable Retirement?
Perceptions about retirement are changing with many people expecting to continue in work beyond their normal retirement dates. Often they will be disappointed because employment can end sooner than anticipated due to unforeseen events. The financial implications will be severe for those with inadequate pension incomes and savings. …
Early Redemption Charges – A More Enlightened Approach
Potential Early Redemption Charges (“ERCs”) discourage consumers from entering into Equity Release plans. With the duration of a Lifetime Mortgage often extending for over 20 years, people may wish to redeem them early when their personal circumstances change as they get older. A more flexible policy towards ERCs is at last being applied by some Providers. …
Do You Have Enough Retirement Savings?
Research suggests that most of us underestimate our life expectancy and hence do not make adequate provision for retirement. Following the recent Budget, the Government is so concerned that it is likely to become a requirement for people to be given an indication of their life expectancy at the point of retirement to discourage them from depleting their retirement savings too quickly. Equity release plans are likely to become increasingly popular as alternatives to Annuities. …
Pension Cash Drawdowns and the Need for Financial Advice
Greater freedom with pensions could cause people to withdraw higher cash sums during the early years of retirement. In some cases, equity release will be deferred to a later date and hence the age profile of lifetime mortgage applicants could increase. The home is however likely to remain a popular source of income in retirement. …
Are You Prepared Enough Financially for Retirement?
Several recent surveys illustrate that too few of us are preparing ourselves for the financial needs of retirement. Many people are getting themselves into debt after they stop working in order to enjoy the early years of retirement. Equity Release Plans are now widely acknowledged as being an effective method of helping ageing people cope with the financial demands of retirement …
Pensioner Housing Wealth Rebounds
House prices have resumed an upward trend and are now close to their previous peak. The stronger property market, together with Equity Release Plans which have recently been launched, enable higher sums to be released making life easier for those at or in retirement. …
