Comparing Equity Release with Pension Freedoms
Aviva reports “the Equity Release Council has published its Spring 2019 Market Report and the numbers are significant. 2018 saw: £3.94 billion record lending, 46,397 record new customer plans and 82,791 record total customer activity. Every six minutes a customer used equity release.
The £3.94 billion of equity release lending in 2018 compares to £7.83 billion taken via the higher profile “pension freedoms” (i.e. flexible payments from pensions). While the total use of the pension freedoms is currently greater than equity release, equity release is winning the growth race.” Read more.