How can equity release help fund your clients' retirement?
Traditionally people have bought annuities in order to receive an income throughout their retirement. However, for a while the rates have been low, making them pretty unattractive.
But annuity rates have turned up quite significantly over the last few months, so it's well worth taking another look if you have clients enquiring about the best ways to receive an income in retirement.
With annuity rates on the increase, it might be a very good time for your clients to consider releasing equity from their property - to use the lump sum to purchase an annuity.
Remember, home reversion plans are now regulated by the FSA.