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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.


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.


More pensions fully withdrawn but advised drawdown falls

The number of pensions being fully withdrawn has risen 5.1% in 2019/20 but the number of people taking regulated advice when entering drawdown has fallen by 10% in the first half of the year, according to the FCA’s Retirement Income Market data bulletin.


New retirement firm name and brand unveiled

The new name and brand has been unveiled for the company formed by the merger of Just Retirement Group and Partnership Assurance.

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