« Dutch actuaries want opinions made public | Main | United, union leaders put off pension talks »

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.

Read the full story

Posted by Tom Troceen