The FT adviser reports that equity release gains ground against pensions
Figures from the Equity Release Council (ERC) showed that there was 56p of equity released from homes for every pound of savings withdrawn flexibly from pensions in the fourth quarter of 2017, compared with just 29p in the second quarter. According to the Equity Release Council, lifetime mortgage activity is the fastest-growing part of the overall mortgage market, with a 34 per cent increase in customers outpacing growth in first-time buyer, remortgage and homemover activity. This is the second year that this has been the case, according to the trade body. Read more.