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Equity Release And A Hung Parliament
12/05/2010
Equity Release schemes and a “Hung Parliament”
To maximise your retirement income you need to “shop around” for the best Equity Release scheme on the market.
As the election has given us the first hung parliament since 1974, the retirement finance specialist MGM Advantage, says it could have a “positive impact” on annuity rates, together with fewer gilt purchases from the Bank of England, could see annuity rates rise.
Craig Fazzini Jones, MGM’s director and head of designs for retirement, said: "If annuity rates do rise, this will come as welcome relief to the annuity sector because rates in general have been falling.
"However, regardless of the political situation, we would urge those nearing retirement to shop around to make sure they are maximizing their retirement income over the longer term, and are not influenced by short-term market movements."
To use some of the money tied up in your property homeowners need to seek advice with regards to the right equity release product and take independent advice from an Equity Release specialist to find the right plan.
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