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Annuity sales climb by 22% to 8-year high

Sales of annuities surged more than a fifth during the first three months of the year to reach their highest level for eight years.

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IHT receipts on target for record £6bn+

Inheritance tax receipts for the current tax year to-date have reached a record £5.3bn, according to the latest figures published by HMRC.

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Cost of living rise driving increase in equity release

Total lending to homeowners over 55 via equity release grew by 24% year-on-year in 2021, according to the Equity Release Council.

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Phoenix acquires £300m equity release book from Just

Insurance firm Phoenix Group has acquired a portfolio of £300m equity release mortgages from Just Retirement Limited, part of the Just Group.

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