01 May 2019
Fundscape CEO, Bella Caridade-Ferreira, will be chairing an Altus event — Learning to Ski – Lifetime mortgages — on 15th May.
The equity release sector used to have a bad reputation, but it’s since grown up and cleaned up its image. With the funding gap in retirement growing ever wider, new-model lifetime mortgages will play an increasingly important role in helping people fund a comfortable retirement that meets the Joseph Rowntree Foundation’s minimum income standard.
Ahead of the event, Altus has published a whitepaper that sets out to quantify the scale of the savings gap for baby-boomers and how equity release will have to be used to help make up the shortfall.
According to Altus, there are 8 million baby-boomers and 80% expect to live 20 years or more in retirement. Of these 8 million, 1.6 million will not meet the minimum income standard set by the Joseph Rowntree foundation. This equates to a £1.6 trillion savings gap. For more information, download the whitepaper.