Related topic: Retirement

First-time buyers can now access products up to 90% LTV, while retaining exclusive access to dedicated first-time buyer products.

A drop in healthy life expectancy risks creating a ‘growing chasm’ of years in poor health before state pensions kick in, industry warns.

The solution responds directly to the FCA’s recent thematic review.

Of those who have spoken to a financial adviser about their retirement plans, just 7% were presented with equity release as an option unprompted.

Existing figures assume that the state pension ‘triple lock’ remains in place for the next fifty years.

One in four UK adults have not received any financial advice about retirement planning.

The average pension pot for a self-employed worker could sit at just £50,700 at retirement — roughly 15% of that of employees. 

UK adults who receive professional financial advice report a retirement confidence score of 5.5 out of 10 – well above the 4.2 national average.

Over a fifth of young people believe they’ll need £100,000+ a year for a good retirement.

The data shows a dramatic fall in the use of advice for drawdown, from two-thirds to less than half in six years.