“… There is a scandal brewing in the Equity Release Mortgage sector. This scandal is similar in nature to the Equitable Life scandal of nearly two decades ago – it involves the underestimation of opaque long-term guarantees – but on a larger scale. … This under-valuation problem is a ticking time bomb that could do serious damage to the financial health of the Equity Release sector. …”
Read the full article on: The Adam Smith Institute (UK)