More To Life in equity release link-up with Partnership
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Partnership is working on an equity release proposition with Key Retirement Solution’s provider arm More To Life.
Money Marketing revealed last month that Partnership is set to move back into the equ-ity release market. The long-term care and enhanced annuity provider said it was a “logical step”. The joint product is expected to launch in the summer.
Partnership pulled out of lifetime mortgages in May 2008 and home reversion in February 2009.
More To Life exited the market for lifetime mortgages in late 2008 and home reversion in June 2009.
Partnership managing dir-ector of retirement Andrew Megson says: “Key Retirement Solutions and More To Life are major players in the market so obviously we would be delighted to work with them.”
More To Life managing director Paul Wilson says: “We are looking forward to working with Partnership on several different projects.”
Just Retirement, Aviva and LV= are the major players still competing in the sector.
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