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L&G equity release sales overtake annuities

Legal & General is writing more equity release business than individual annuities after lifetime mortgage sales reached over £200m in the first half of the year. In an update published this morning, the insurer says new business sales in its retirement division covering lifetime mortgages, individual annuities and bulk annuities hit £4bn in total between […]

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Carney set to relax bank rules to boost lending

The Bank of England is expected to loosen the reins on banks in a bid to encourage banks to lend following the vote to leave the EU. The Sunday Times reports Bank of England governor Mark Carney could loosen requirements on the amount of capital banks have to hold as part of the Bank’s financial […]

Ros Altmann
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Ros Altmann: My priorities for 2017 auto-enrol review

      Through automatic enrolment we are now helping millions of people, many for the first time, to save for their retirement. The programme has been a great success to date and we remain on track to complete the gradual roll-out of auto-enrolment by 2018.  By then, around 9 million people are expected to […]

'Feeling the Squeeze'

Royal London carried out a UK wide survey with 2,500 consumers age 35-44 over the summer. The survey found that over a third, 34 per cent, said their finances felt Squeezed and so were struggling to meet day-to-day expenses, despite 87 per cent being aware that they need to save more. However, the survey did […]

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