Tag Archives: Equity release
How can housing wealth bridge the later life funding gap?
I have been speaking with my old friend Andy Young, an MBE for setting up the PPF who has worked with Pension Ministers , most especially with Steve Webb. He has no blog and should run one himself but … Continue reading
Posted in pensions
Tagged Andy Young, Equity release, Fairer Finance, Pension Commission, Pensions, SOLLA
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What’s happened to equity release?
Viewers of daytime TV are assailed with three types of advert – cruises for the confident, funeral plans for the morbid and lifetime mortgages for the skint. Older people watch a lot of TV in the daytime. Funeral plans … Continue reading
Equity Release is in its prime – funding retirement many ways.
How pensions are paid from our housing wealth If you get a pension paid by Legal & General, you are probably being paid in monthly charges against other people’s houses. The £400,000, your neighbour borrowed against their £2m property is, … Continue reading
Posted in pensions
Tagged Business and Economy, corporate risk, Employment, Equity release, Financial services, pension, Pension new, Pensions, prime, workplace Pensions
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McPhail on how UK’s housing wealth can fix the retirement cost of living crisis
Tom McPhail has produced some radical proposals for reform of the Equity Release market. Here they are. Launched on pension credit awareness day, they are welcome indeed/ The UK has an annual retirement income shortfall of £48 billion … Continue reading
Kids should not borrow- parents should not lend.
Last week Legal & General ran a press release that suggested that rather than the Bank of Mum and Dad bailing out children from their pensions, parents should consider releasing equity from their homes by using LifeTime mortgages. You can … Continue reading
The Four Trillion pound lifeboat for (some) British Pensioners.
I was in Westminster last night for drinks on the terrace watching politicians lining up to tell their in-jokes about the Conservative party leadership contest. The jokes weren’t very funny and even if they were, I couldn’t tell you them … Continue reading
Posted in advice gap, age wage, pensions
Tagged AgeWage, Equity release, pensions, Property
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Millennial fightback
The greatest current threat to motor manufacturers is that people no longer want to drive. The second biggest threat is that people no longer want to own a car. That’s the message that comes loud and clear from an article … Continue reading
Posted in actuaries, advice gap, pensions
Tagged Balance sheet, Equity release, lease, own, Ownership, pensions, possessions, Volvo
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Not much fun for the over 55’s
Great stuff from Aviva 07 December, 2011 Savings pots fall 27% since December 2010 Average annual income down 4% and inflation up 5.4% since December 2010 Equity in property now eight times the size of the average pension pot Despite … Continue reading
Posted in dc pensions, de-risking, NEST, pensions, Retirement
Tagged Aviva, Credit card, December 2010, Equity release, pension, Retirement, Saving, Unsecured debt
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Sacred cows at the abattoir
In her 45 minute talk, Debora led us to an abattoir of sacred cows where we saw strung up on meat hooks our most cherished hopes. Continue reading
Posted in annuity, corporate governance, customer service, dc pensions, Fiduciary Management, NEST, OECD, pension playpen, Retirement
Tagged Assisted Living, Basil D'Oliveira, Business, Debora, Debora Price, Equity release, Government, Health, long term care, Nicola Horlick, Nursing home, pension, Retirement, Ros Altmann, Self-sufficiency, Senior Health, United States
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You can’t buy a sausage with a brick
Abe Bacchus, the guy who taught me to sell life insurance in 1984, used this great phrase when a prospect objected to creating a “capital reservoir” for the future. Of course a geared investment into bricks and mortar over the … Continue reading
Posted in dc pensions, de-risking, NEST, Retirement
Tagged Business, dc pensions, de-risking, Economics, Equity release, housing market, Investing, Life annuity, LV (company), moneysavingexpert, NEST, pension, Retirement, Society, Stock market
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