Wednesday 16 January 2019
David Burrowes, Chairman of the Equity Release Council comments on Key’s Market Monitor:
“The modern-day equity release market is serving a vital social purpose, by helping thousands of older homeowners and their families to use property wealth to support their financial goals. Consistent growth in recent years has been driven by increased product flexibilities and innovation to meet a variety of consumer needs. Intergenerational support remains a key usage, which highlights the important role that equity release now plays in the later life landscape on both an individual, family and societal level.
“Today’s market is built on a combination of increasing choice and robust consumer safeguards. Looking ahead, it is important that this is maintained as the range of later life products continues to grow. It is vital we encourage customers to consider all available options in terms of their wealth and assets to get the best outcomes from a rounded approach to retirement planning.”
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For further information, please contact:
Kia McLean or Katy Chambers at Instinctif Partners
Tel: 020 7457 2020
Email: [email protected]
About the Equity Release Council
The Equity Release Council is the representative trade body for the equity release sector with over 300 member firms and 900 individuals registered, including providers, regulated financial advisers, solicitors, surveyors and other professionals.
It leads a consumer-focused UK based equity release market by setting authoritative standards and safeguards for the trusted provision of advice and products. Since 1991, nearly 420,000 homeowners have accessed over £22bn of housing wealth via Council members to support their finances.
The Council also works with government, voluntary and public sectors, and regulatory, consumer and professional bodies to inform and influence debate about the use of housing wealth in later life and retirement planning.