 Confusion about retirement finance options as Britons turn to internet instead of IFAs, says SHIP SeekER Equity Release News Update 25th March 2010: 17 March 2010 - Research from SHIP (Safe Home Income Plans), the equity release trade body, has revealed that only 8% of Britons regularly seek financial advice from an IFA when it comes to planning their retirement finances. The highest proportion (32%) of Britons looking for financial advice turned to the internet for guidance on their retirement. In addition 9% had met with an IFA only once, 4% had taken advice from a bank or financial institution, and 6% had taken advice organised by their employer. Read the full story nowThe research was carried out by SHIP to gain a greater understanding of how people expected to organise their retirement finances. It found that most people hoped to maintain their current living standard into retirement (38%), with over 10% expecting to exceed it. This is despite the fact that 73% of those questioned intended to manage their retirement finances themselves, without seeking advice from an IFA. The full article: http://www.ship-ltd.org/uploads/ConfusionAboutRetirement.PDF Equity Release News Archive 15-Oct-2009: SHIP announces that Equity Release sales remain stable Ship Press Release 15/10/2009SHIP Q3 RESULTS 2009· Equity release volume remains broadly stable· Average amount released rises 19% and £7,245 YOY· 10% increase in sales » Read the full story now
15-Oct-2009: Hodge Lifetime to appear on TrigoldCrystal TrigoldCrystal have announced that Hodge Lifetime will be one of the providers whose products will be listed on their new equity release sourcing system when is launches in November 2009.The » Read the full story now
12-Oct-2009: Equity Release could help ease pensioner debt Equity Release may be able to ease the debts of pensioners as this example from the Daily Express newspaper shows:- http://www.dailyexpress.co.uk/money/view/133444 Source Daily Express 11/10/2009 Read the full story now
09-Oct-2009: Too Much Debt to Retire? Following the failure at the High Court of the appeal against the mandatory retirement age, leading debt management provider, EuroDebt, is warning that those older workers forced into retirement » Read the full story now
06-Oct-2009: SHIP asks all stakeholders for their feedback on Equity Release In July 2009, SHIP launched a discussion paper which contained a selection of ideas as to how the UK equity release market could grow and develop over the coming years. As an organisation, SHIP is » Read the full story now
06-Oct-2009: House Prices rise 1.6% in September According to the Halifax house prices rose by 1.6% in September. This was the third consecutive monthly increase and the fifth so far in 2009. » Read the full story now
02-Oct-2009: House Prices rise for the fifth consecutive month according to Nationwide Building Society The Nationwide Building Society has announced an increase of 0.9% in house prices in September. They have stated that this is the fifth consecutive month that has seen an increase and results in » Read the full story now
18-Aug-2009: ERSA state Equity Release Advertising is Vital According to research by the Equity Release Solicitors Alliance (ERSA) television and magazine adverts are playing a large role in helping equity release customers make their decisions, with 32% of » Read the full story now
13-Aug-2009: Pensioners Help Fuel Economy through Expenditure on Home & Garden Improvements Using Equity Release Press Release from Key Retirement Solutions4th August 2009£540 Million of equity release will be spent on home and garden improvements this year.UK pensioners are helping the economy throughout » Read the full story now
13-Aug-2009: RICS announce outlook improving but housing market not out of the woods yet Press Release from RICS (The Royal Institute of Chartered Surveyors)06 August 2009House prices look set to end the year higher than they started, but will still face significant challenges during » Read the full story now
13-Aug-2009: Halifax announce 1.1% increase in the average UK house price in July Commenting, Martin Ellis, housing economist, said:"There was a 1.1% increase in the average UK house price in July. This was the second rise in the past three months and prices in the three » Read the full story now
04-Aug-2009: House Prices up for Third Month in a Row Press Release from the Nationwide30/07/09The Nationwide have announced that house prices rose by 1.3% in July. The average house price is now £158,871.To read more on this subject.... » Read the full story now
04-Aug-2009: Bank of Mum and Dad reopens for business as children struggle The Independent has reported that more and more people are looking into using Equity Release Schemes to give their children a leg up on to the property ladder and help them buy their first » Read the full story now
04-Aug-2009: Just Retirement announces increase in Equity Release Sales Just Retirement, the equity release provider has announced it has improved its market share in the UK Equity Release market to 19%. For more information… » Read the full story now
29-Jul-2009: Time to spend the inheritance, say kids The Financial Mail has reported that the days of greedy children desperate to inherit their parents wealth is in the past with those born in the Fifties and the Sixties increasingly wanting their » Read the full story now
29-Jul-2009: Baroness Hollis Calls for Government Review into Uses of Equity Release for Retirement Funding SHIP Press Release – 28th July 2009“Equity release meets a truly urgent social need in the most decent way possible”Baroness Patricia Hollis yesterday led calls for a formal » Read the full story now
29-Jul-2009: SHIP Initiates Debate into How the Equity Release Market Can Evolve to Support Retirement Funding Needs SHIP Press Release – 25th July 2009 Evidence Shows Utilising Housing Wealth in Retirement Is Appealing To A Diverse Range Of Customers SHIP, the equity release trade body, has launched a » Read the full story now
27-Jul-2009: New Life Mortgages Update their Lending Criteria New Life Mortgages have announced changes to the lending criteria with immediate effect including minimum and maximum property values, maximum loan values and changes to the types of properties that » Read the full story now
27-Jul-2009: SHIP Responds to Which? Mystery Shopping Exercise Ship Press Release - 23 July 2009Andrea Rozario, Director General of SHIP – the UK's leading professional body for equity release product providers – comments on Which?'s equity release » Read the full story now
27-Jul-2009: Bridgewater Breakfast Forum in Southampton Bridgewater Equity Release have announced their next Equity Release Breakfast Forum for Brokers.This forum will take place on Tuesday, 8th September 2009 at the Highfield House in Southampton SO17 » Read the full story now
27-Jul-2009: Equity Release Advisers Plan for a Year of Growth Ahead Hodge Lifetime reflects on a year of growing IFA confidence and emphasises the importance of advice One year on from its first IFA Confidence Report, Hodge Lifetime, the UK's longest established » Read the full story now
27-Jul-2009: Godiva Mortgages Increase Interest Rates Godiva Mortgages have announced that they will be reducing their interest rates on both their lump sum and drawdown lifetime mortgages with effect from 23 July 2009.The Lump Sum plans will increase » Read the full story now
27-Jul-2009: SHIP Q2 Results 2009 Show Equity Release Sector Continuing to Weather the Storm SHIP Press Release - 17 July 2009 - Number of customers up 5% Quarter on Quarter- Drawdown sales increase by 14% Quarter on Quarter(16th July) The members of SHIP - the UK equity release industry » Read the full story now
27-Jul-2009: SHIP Gives Reaction to Government's Social Care Green Paper SHIP Press Release 15 July 2009Andrea Rozario, Director General of SHIP, the Equity Release trade body, comments on the publication of the Social Care Green Paper:“SHIP welcomes the serious » Read the full story now
08-Jul-2009: New Retirement Lobby Group Set To Promote Retirement Planning Options It has been reported this week that MGM Advantage, Living Time, Partnership Assurance, LV=, Canada Life and Hargreaves Lansdown are forming an industry group to promote a wide range of planning » Read the full story now
02-Jul-2009: Free surveys for Hodge Lifetime's shared growth option As house prices continued to decline over the first half of this year, figures from Hodge Lifetime, the UK's longest established equity release provider, highlight a 40% growth in popularity of its » Read the full story now
02-Jul-2009: Permira offer values Just Retirement at £225.5m Just Retirement has received a provisional offer from Permira Advisers valuing the annuity and equity release provider at £225.5 million. The company's private equity shareholder Langholm » Read the full story now
23-Jun-2009: Key Retirement Expands Northern Ireland Operation Key Retirement Solutions is to expand its offering in Northern Ireland, after revealing plans to follow up its phone service by putting advisers in the region for face-to-face advice. The equity » Read the full story now
23-Jun-2009: Sixty and overs benefitting from scrappage scheme New research has revealed that the UK's 60 and overs are amongst those taking the greatest advantage of the scrappage scheme. Data from Key Retirement Solutions shows that many of this group are » Read the full story now
23-Jun-2009: Bridgewater forum in London Bridgewater Equity Release has announced the date for its next regional Equity Release Broker Breakfast Forum, which will take place in Knightsbridge, London. The next Forum takes place on Wednesday » Read the full story now
09-Jun-2009: Pensioner divorce leaves over 60’s financially worse off Women divorcees over 60 are losing out financially due to the recession, SHIP- the equity release trade body- reveals today. There are 13,678 people over 60 who divorce annually, but due to the » Read the full story now
05-Jun-2009: UK House Prices Increase by 2.6% in May UK House prices increase by 2.6% in May according to today's Halifax House Price Index, an increase followed three successive monthly declines of between 1.8% and 2.3%. IntroducerUK - 4 June 2009 » Read the full story now
05-Jun-2009: SHIP Welcomes FSA Legislation on Sale and Rent Back (3rd June 2009) Andrea Rozario, Director General, SHIP (Safe Home Income Plans), the equity release trade body comments on the FSA's (Financial Services Authority) imminent regulation of Sale and » Read the full story now
05-Jun-2009: IFA's Introducing a Third of Equity Release Business Hodge Lifetime's quarterly customer questionnaire has shown that a third of all equity release business is being introduced through advisers.In Q1 2009 advisers accounted for 34% of all equity » Read the full story now
05-Jun-2009: Stonehaven Suspend their Lump Sum Max and Interest Select Max Products Stonehaven have announced that they are temporarily suspending their Lump Sum Max and Interest Select Max Lifetime Products. Any application based on Key Facts Illustrations produced before the 3rd » Read the full story now
26-May-2009: Pensioners £183bn in debt, says Key Retirement Solutions Research by Key Retirement Solutions has revealed that pensioners today have debts of more than £183bn. The equity release broker has found that one in three pensioners have an outstanding » Read the full story now
26-May-2009: Equity release IFAs need online presence: ERSA IFAs specialising in equity release should ensure they establish and maintain an online presence, according to the latest research from the Equity Release Solicitors' Alliance (ERSA).The results » Read the full story now
22-May-2009: Partnership Withdrawal Of Home Reversion Plan Partnership has temporarily withdrawn its Home Reversion Plan from sale. In line with the experiences of other Equity Release product providers, raising funds in today's economic conditions continues » Read the full story now
22-May-2009: Just Retirement Equity Release Workshops ER1 Revision Session and Examination Day with Follow-Up 1 Day Business Development WorkshopIf you are looking to be active in the Equity Release market and need the appropriate qualification, Just » Read the full story now
22-May-2009: LV= Hits The Road With Equity Release Toolkit Life and pensions specialist LV= has created a new marketing toolkit for financial advisers to help them advise their clients on equity release. The launch of the toolkit is being supported by a » Read the full story now
22-May-2009: SHIP Q1 Results 2009 Show Resilient Equity Release Sector > Strong performance compared to overall mortgage lending*> Budget change of savings disregard** removes one of the barriers to pensioners releasing money from their home.The members of SHIP, » Read the full story now
22-May-2009: Capital disregard changed could boost equity release The equity-release sector has welcomed Budget changes to the capital disregard limits which are now in line with many equity-release drawdown minimums. Safe Homes Income Plans has been lobbying to » Read the full story now
20-May-2009: The role of Equity Release in the future On 28th April 2009 a constructive debate took place at the offices of Eversheds in London about the role and marketing of Equity Release. The debate was chaired by Paul Lewis, financial journalist » Read the full story now
21-Apr-2009: Retirement Plus Announce Product Suspension for New Cases Retirement Plus have advised that whilst they are putting in place additional funding they are suspending access to their products. This applies to new cases only - this does not affect existing » Read the full story now
16-Apr-2009: Third of IFAs see increase in equity release for retirement income A third of IFAs saw an increase in clients using equity release to supplement retirement income over the last three months, according to Hodge Lifetime.Its latest equity release IFA confidence index » Read the full story now
15-Apr-2009: Falling property prices hit Equity Release lending Key Retirement Solutions' Equity Release Market Monitor for Quarter 1 of 2009 shows a dramatic decrease in the equity release market when compared to the same period of 2008- Total amount released » Read the full story now
15-Apr-2009: The future of the Equity Release market and its role in solving the pension crisis Eversheds and SHIP to host an Industry Debate14 April 2009: SHIP and Eversheds international law firm are delighted to announce that they are holding a debate to discuss the future of the equity » Read the full story now
15-Apr-2009: A fifth of over-60s skipping meals to cope with recession More than one in five elderly people are skipping meals to save money in the recession, charities said yesterday. Many are also cutting back on power, heating and other essentials » Read the full story now
09-Apr-2009: Surprise Bounce to March House Prices · House prices increased by 0.9% in March · House purchase activity reaches highest level since May 2008· Welcome signals of market improvement but too early to talk of house » Read the full story now
08-Apr-2009: UK State Pension Increased on 6th April but will it be enough? As the UK state pension increases on the 06 April by £7.25 per week for couples and £4.55 per week for single pensioners* Andrea Rozario - Director General of SHIP, the equity release » Read the full story now
14-Mar-2009: Baroness Hollis Leads Equity Release Debate at House of Lords "It is distressing to see people unable to finance the retirement they need, while they are hanging onto an asset they could use"(28th January 2009) Peers, Consumer organisations, Charities » Read the full story now
15-Feb-2009: A 1.9% bounce in house price gloom Average house prices rose £100 a day last month- the biggest increase for two years according to the Halifax. Read the full story now
05-Feb-2009: Advisers expect equity release boon The third Equity Release IFA Confidence Index from provider Hodge Lifetime has revealed that 73% of IFAs expect to see interest from consumers within their equity release business increase by at » Read the full story now
15-Jan-2009: Mortgage Express allow clients to leave without Early Repayment Charges Nationalised Bradford and Bingley and its subsidiary Mortgage Express who are both currently unable to offer any new loans or further advances, is waiving Early Repayment Charges on its mortgages for » Read the full story now
17-Dec-2008: Norwich Union feels Equity Release demand could double by 2013 Despite the recession Norwich Union feels the market will hit £2.4bn by 2013 which double the figures released in 2007.They feel the main drivers for growth will be the lack of retirement » Read the full story now
24-Nov-2008: Prudential extends equity release to Northern Ireland According to Keith Haggart, director of lifetime mortgages at Pru, “In recent times, Northern Ireland has seen significant increases in property prices and some of the main beneficiaries of » Read the full story now
11-Nov-2008: SHIP calls on Trading Standards to take action over misleading Sale and Rent Back advertising SHIP's two main concerns are that firstly, many websites are misleading becausethey fail to inform consumers up front the risks associated with entering into a sale and rent back scheme.Secondly, » Read the full story now
01-Oct-2008: Neutrality of solicitors underlined by SHIP changes To underline the neutrality a solicitor acting for clients should show, the trade body -Safe Home Income Plan (SHIP) has strengthened its certificate the solicitor must sign, to say that they have » Read the full story now
22-Sep-2008: 2nd quarter SHIP figures show increase in demand Second quarter figures from Safe Home Income Plan (SHIP) shows that despite the credit crunch demand for equity release continues with a 14% increase in business. Read the full story now
05-Sep-2008: David Blunkett supports a role for equity release "The older generation is substantially healthier and better equipped to manage its own care with the help of family and friends rather than a reliance on the state.""There is a total » Read the full story now
Equity Release Events SeekER currently has no new equity release events. |
|
Some equity release news articles are provided
by our members and although each item is checked
we cannot guarantee it is 100% accurate.
If you have any news or events that you feel are relevant please let us know, send details to contact@seek-er.co.uk.