Press Releases

31 March 2021

• Retired people contribute £45.278 billion a year in direct taxes • Average disposable incomes fell by 12% last year

18 March 2021

• Over-55s face average credit card debts of £8,500 and loan balances of £11,700 • Debt Awareness Week highlights the need to get good specialist advice • Those in the South West struggle with biggest credit card debt while those in the London have the biggest unsecured loans

25 February 2021

• Gift Provides two-thirds of the average amount needed for a first home deposit • Londoners (£102,000) followed by the South East (£61,500) and Wales (£44.200) • Older homeowners paid out £775 million in gifts last year

21 January 2021

• Strong Q4 highlights the continuing strength of the equity release market • Plan sales drop by 12.5% but total value released slips just 4.4%, • Increasing financial resilience and gifting the focus in 2020 Key’s 2020 Equity Release Market Monitor shows

21 December 2020

Over-65s in London have made £21,000 with most regions seeing strong gains Over-65s own property wealth worth £1.224 trillion, Key Pensioner Property Index shows

04 December 2020

• Average handouts in Q3 are as high as £133,000 in London • House deposits are the biggest reason for helping families

25 November 2020

• Proportion of over-55s worried about running out of money in retirement increases to over a third (34%) over the last year • While concerns are rising fastest among men, working women remain the most anxious (48%) • Women are also less likely to consider alternative sources of later life funding • Almost half (48%) are worried about falling ill and having to pay for care

18 November 2020

• Equity release plan sales drop 9% in Q3, but value released holds steady at £884 million • Debt repayment and gifting account for three-quarters of wealth released

05 November 2020

• More than a third of those retiring this year are still financially supporting family • Payouts include providing regular cash and even funding holidays

06 October 2020

Product numbers have increased 374% since 2017, equating to 525 at the end of August 2020