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January 18, 2005
Actuarial Profession warns of equity release growth
The Actuarial Profession has warned while the equity release market should be the last major financial transaction anybody enters, an increasing number of providers have entered the market over the past few years and will continue to do so as the development barriers are eroded away.
According to its Equity Release Report, new barriers recently added include financial advice requirements on equity release which are different from the main product lines of many mortgage providers, adding to a high risk factor in what is historically a relatively small-sized market.
Posted by Tom Troceen