Speculation has increased on whether BM Solutions will be entering the equity-release market after the firm surveyed 200 brokers on whether the sector has potential.Asked which market holds the most potential over the next 12 months, 36 per cent of the brokers who were interviewed in June put equity release at the top of their list. This was closely followed by self-cert, with 26 per cent of brokers believing it holds potential. The sector of the market which shows least potential according to the survey is considered to be buy to let with only 8 per cent. Both sub-prime and buy to let abroad received the same percentage of votes at 12 per cent. BM’s three core specialist sectors are sub-prime, self-cert and buy to let. But BM says it is too early to say if it will launch into the equity-release market. Head of products and marketing Tim Hague says: “We are looking in several areas but have no immediate plans to enter into equity release.” Key Retirement Solutions business development director Dean Mirfin says: “The equity-release market is definitely growing and there are some significant entrants this year. The problem is that there are not enough intermediaries out there to cope with demand.”
Having read Simon Chamberlain’s essay arguing for the inclusion of multi-tied agents in Aifa, the same old question looms large.
Macroeconomic concerns about the US continue to obscure the fundamental opportunities for the investor.
Prudential has failed to win a place on Burns-Anderson’s multi-tie panel despite working on its initial development and announcing in January that it had already signed up. The five successful providers for the panel are Axa, Friends Provident, Legal & General, Scottish Equitable and Standard Life. Prudential was a strategic partner in designing B-A’s multi-tie […]
The Schroder oriental income trust is an investment trust designed to take advantage of dividend growth in the Asia Pacific region.
Despite the sharp drop in housebuilders following the Brexit result, valuations in the highly illiquid market are still at elevated levels. And whilst some investors may take comfort from superficially low price/earnings multiples, are earnings sustainable over the long term, asks Holly Cassell, Assistant Manager of the Neptune UK Mid Cap Fund. Click here to […]
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