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Press Release

Gifting helps drive equity release record growth

Posted: 10 May 2018

Lending and plan sales hit new all-time high for first quarter Retired homeowners make an average £74,000 from their homes, Key Retirement’s Q1 2018 Equity Release Market Monitor shows Download the full report at: www.keyretirement.co.uk/market-monitor Gifting is continuing to drive expansion in the equity release market with one in four…

Shock bills are 'driving retirement card debt'

Posted: 25 April 2018

One in five over-65s are struggling to clear debts run up from unexpected bills Half of over-65s only keep their credit cards to help with one-off major bills Key Retirement’sManaging Debt In Retirementguide can help to beat debt problems Unexpected bills are a major driver of credit card debt in retirement with nearly one in five over-65s struggling…

Debt squeeze 'spoiling retirement for one in five'

Posted: 21 March 2018

Credit card and loan debt is preventing more than one in five over-65s from enjoying retirement as they struggle to maintain their standard of living with one in seven (14%) relying on credit cards to boost their income in retirement, new research* from leading over-55s financial specialist Key Retirement shows. The research found 26% of over-70s are…

Debt threat for retirement savers

Posted: 16 March 2018

Two out of five over-55s do not clear credit card balances every month And one in three have loans and overdrafts on top of credit card debts Key is campaigning to help savers become retirement ready Retirement savers are struggling to clear debts as they enter the crucial period in the countdown to stopping full-time work, new research* from leading…

Over-65s can bank on £1.1 trillion of property wealth

Posted: 13 February 2018

Retired homeowners gain £7,900 in property wealth in a year, Key Retirement Pensioner Property Index shows Over-65s in the South East and East Anglia have made more than £1,000 a month in the past year Retired homeowners have gained more than £7,900 each in property wealth in the past year despite uncertainty in the housing market,…

Equity release market breaks £3 billion record expanding by nearly £1 billion in a year

Posted: 10 January 2018

Pensioners release £8.2 million from their homes every day Retired homeowners unlocking an average £77,380 from their homes, Key Retirement’s 2017 Equity Release Market Monitor shows Download the full report at: www.keyretirement.co.uk/market-monitor Retired homeowners cashed in more than £3 billion of property wealth last year…

Homeowners face £10,400 bill 'to be retirement ready'

Posted: 13 December 2017

One in three over-65s plan improvements to ensure their home is suitable Nearly one in five want a bathroom downstairs but the priority is making the garden easier to manage Retired homeowners face average costs of around £10,400 to make their home retirement ready, new research* from Key Retirement shows. And the bill for homeowners who plan…

Pensioners receive £71,500 boost from their homes

Posted: 29 November 2017

Advisers focus on improved terms for customers with lifestyle conditions. Lump sum plan demand continues. Key Retirement Q3 Market Monitor shows record plan sales and value released. Download the full report at: https://www.keyretirement.co.uk/market-monitor Retired homeowners are boosting their finances by an average £71,500 from their property…

Pensioners earn £3,500 a month from their homes

Posted: 07 October 2017

Over-65 homeowners’ property wealth hits new record of £1.101 trillion, Key Retirement Pensioner Property Equity Index shows.Total over-65 homeowner property wealth grows £47 billion since May. Retired homeowners have earned £3,500 a month from their houses in the three months to the end of August as their total property wealth…

Retirement savers 'fear financial impact of Dementia'

Posted: 26 September 2017

More than two out of five worried about losing control of finances and nearly half worry about their partner But more than half would appoint partner to look after their finances Applications for Lasting Powers of Attorney increase to 650,000 applications a year Retirement savers are becoming increasingly concerned about the risk of not being able to…

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