Equity Release an Answer to Pensions Crisis?
Falling interest rates and diving stockmarkets have been a double-whammy for older people who have seen their income from savings and annuity rates plummet. Is the answer an Equity Release Plan?
Many older people still have a substantial amount of equity in their homes, despite falling house prices.
"Although prices have fallen, it is nothing compared to the increases that they have seen over the past decade," says Andrea Rozario, director general of Safe Home Income Plans (Ship).
