Falling Annuity Rates to Lead to 'More Equity Release Schemes'

By Retirement Solutions Ltd, PRNE
Sunday, October 10, 2010

MANCHESTER, England, October 11, 2010 - Experts at Retirement Solutions Ltd are predicting that the poor annuity
rates (www.annuityrates.co.uk/)forecasts will most likely lead to an
increase in the number of retirees opting for equity release schemes

The company's Sales Director, Kevin Stelfox, believes that the equity in
a home is the only viable way for some people to release much needed funds
for retirement, commenting that;

"The fact is, that people retiring today are getting much less for their
money than they would have several years ago. Retirement finances are as
tight as they have ever been and annuity rates are expected to continue to
fall for another five years. The equity locked in the home is, for a growing
number of retirees, the only feasible means of releasing some much needed

Kevin Stelfox has previously spoken out against equity release critics
and adds,

"Equity release is by no means a perfect solution. It will result in your
home leaving the family. But it's entirely unrealistic in today's economic
climate to expect that everyone can have both their home and a comfortable
retirement with no money worries. What equity release does do, is enables you
to release money from your home and continue to live in it for as long as you
live or until, if applicable, you move into a care home."

For independent help and advice on the best annuity rates for you, visit
annuityrates.co.uk or call +44(0)800-644-6021

Contact: Kevin Stelfox, Retirement Solutions Ltd, Centrix House, Crow Lane East, Newton Le Willows, WA12 9UY, +44(0)800-644-6021

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