Forecasting the future can be challenging, especially with uncertainty around the ongoing COVID-19 pandemic peaking due to the Omicron wave hitting the UK.
We can look at RIO sales and say they’ve been a little disappointing and we might therefore conclude that the product has been a failure, but I’d rather take a more positive view.
While the equity release market has been around for more than thirty years, it is only recently that we have seen the expansion of flexible lending features and low rates that make these modern plans an attractive option for a wide range of older customers.
