Equity release ‘has role for long-term care costs’

  • Posted

Posted 20/03/2012

Equity release has been named as one of the products people could use in their later years to cover their long-term care bills.According to Financial Conduct Authority (FCA) head Martin Wheatley, equity release has a role to play in the future as individuals face having to pay more for their care.Speaking at an Age UK conference in London this month, he argued there is a “huge amount” of money locked away in capital in homes all over the country, reports Money Marketing.”We may have moved beyond the age of leaving a home intact and debt-free to the next generation,” Mr Wheatley said, adding the “challenge” is going to be ensuring people get the most value out of their home in their later years.Later in the year, the FCA will take over some of the powers and responsibilities of the Financial Services Authority, with other parts of the organisation going to the Prudential Regulation Authority.Posted by Simon Crooks


    How can we help you?

    Please fill in the form and we’ll get back to you as soon as possible or to speak to one of our experts call
    0330 404 0749

    I accept that my data will be held for the purpose of my enquiry in accordance with Ashtons
    Privacy Policy

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    How can we help?

    If you have an enquiry or you would like to find out more about our services, why not contact us?