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Will Interest In Equity Release Rise Due To BP Share Price Problems

30/06/2010
Right Equity Release
Following BP’s oil spill in the Gulf of Mexico, BP’s share prices have plummeted and possibly hundreds of millions of pounds wiped off pension funds

Experts have estimated that this might have an adverse effect on pension schemes as some1.5 per cent of the equity in the UK’s pension funds is tied into BP shares,

A pension’s analyst at Hargreaves Lansdown, Laith Khalaf, told the Press Association: "The poor performance of a big stock like BP can have a disproportionate impact on funds. There have also been other falls in the stock market as well. If the market had been doing well in recent months, it might not have been such a big issue."

A result of this news might be to encourage those approaching retirement age to seek equity release advice.

Homeowners aged over 55 who are anxious about how share prices affect their pensions, can learn how much money the value of their property could release by contacting therightequityrelease.co.uk for equity release advice.

 
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