Come retirement age, many pensioners soon hit upon the realisation that cash is required more than ever. Being the longest holiday of one’s life and having more leisure time than ever, money can soon become in short supply. So what are the alternatives and do you have to worry about means tested benefits? Other than […]
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In the current economic climate, a great number of people are struggling to survive on their pension income. As the methods of quantitative easing have slowly eroded the value of savings, compromised traditional pensions and brought the rates of annuity down, many pensioners are struggling to maintain their lifestyle with even basic necessities. For many […]
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With the people around the world still feeling the impact of the global crisis in the financial industry, many are trying to establish a financial solution to their current recession problems. These problems are not limited to the working age population as many older people have seen the real world value of their pension compromised […]
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An equity release is when you retain the home you’re living in while receiving a lump sum of cash from the value on the home. There are many equity release schemes available, such as an interest only lifetime mortgage, home reversion, and roll-up lifetime mortgage. With each of the equity release schemes, the homeowner can […]
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