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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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More pensions fully withdrawn but advised drawdown falls

The number of pensions being fully withdrawn has risen 5.1% in 2019/20 but the number of people taking regulated advice when entering drawdown has fallen by 10% in the first half of the year, according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

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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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