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Equity release report 2005
 — Volume 1: Main report
Author(s)Ged Hosty
Corporate AuthorEquity Release Working Party, the Actuarial Profession; Institute of Actuaries
PublisherThe Actuarial Profession, London, 2005
Pages35 pp
SourceInstitute of Actuaries, Staple Inn Hall, High Holborn, London WC1V 7QJ. www.actuaries.org.uk
KeywordsHome equity release schemes ; Consumer choice ; Statistics [data].
AnnotationThe Actuarial Profession continues its support for the development of the equity release market, and this report includes an update on recommendations in its "Report on equity release mechanisms" (2001). Trends in private, occupational and state provision of pensions are analysed. There is a significant gap between current provision and the provision necessary to meet consumer needs. However, equity release offers an alternative for many people. The report considers historic and projected future sizes of the equity release market; two approaches to market projections are described. Barriers to the development of the equity release market are discussed; and the financial risks inherent in equity release mechanisms (ERMs) for product providers are outlined. (RH).
Accession NumberCPA-050131004 B
ClassmarkWQB: WYC: 6C

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