Life, pensions and investments provider Royal London has acquired a 30% stake in later life lending and product provider Responsible Group.

Long-standing equity release provider Hodge is to exit the equity release and annuity markets by selling Hodge Life Assurance Company to a US firm.

There was a 12.5% drop in the sales of equity release plans in 2020, according to a new report.

A new equity release product has been launched every 28 hours so far in 2020, according to new research.