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Talkback

“No. I think that the idea is an absolute load of rubbish. Everyone is so careful with what they do these days.”

Paul Morris. Metro Insurance & Mortgage Bureau

“No. People are much more aware of what they are getting into and there is much tighter governance.”

Peter Murphy,Park Lane Associates

“Yes. I think equity-release products have been sold very widely and I think there have been problems with the way some have been sold.”

James Seelig,James Seelig Financial Services

“Yes. I completely agree. You are banking on house price rises that may not happen and selling to elderly people that are not used to taking on debt.”

Phil Morris, Phil Morris Financial Services

“No. Anything to do with finance has the potential to be a misselling scandal. However, under the new guidance and rules, I don&#39t think there will be a problem with equity release.”

Sebastian Lange, Sebastian Lange Financial Consultants

“No. I don&#39t agree. Equity release is a good thing for the right people. With the safeguards in place, especially with what Ship has done, I think it&#39s safe.”

David Jose, Priory Mortgages and Financial Services

“Yes. I have concerns about the way certain firms are promoting equity release as an alternative to IHT planning. I think it is right for the FSA to look more closely.”

Miles Hendy, Thornbury Financial Management

No 57%

Yes 43%

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&#39Decent structured deals are going to waste&#39

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PruHealth launches private medical insurance

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Pension Wise — now taking calls…

Those with decent-length memories will recall that in the 2014 Budget statement George Osborne announced the new (and entirely unexpected) pension freedoms. The new rules come fully into force in less than two weeks.

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