City watchdog warns of serious failings in the equity release market

Money Mail today exposes how pushy equity release salesmen are getting rich by draining the property wealth built up over decades by elderly homeowners. Our investigation reveals how vulnerable customers are bombarded with calls, emails and letters encouraging them to take out expensive loans that can quickly wipe out a lifetime of mortgage payments. And … Read more

Equity release advice may be causing ‘significant harm’ to some vulnerable customers warns FCA

Equity release advice may be causing ‘significant harm’: Regulator warns some customers are rushed through without the proper checks The results of an FCA review of equity release advice firms found ‘significant areas of concern’ in the way some were selling equity release Many advisers were told they are not doing enough to ensure customers … Read more

MIDAS UPDATE: Ashoka India Equity Investment Trust

MIDAS SHARE TIPS UPDATE: Reap rewards over the long term with Ashoka India Equity Investment Trust as India leads vaccine hunt By Joanne Hart for The Mail on Sunday Published: 22:31 BST, 6 June 2020 | Updated: 22:31 BST, 6 June 2020 Universities, big drug groups and governments worldwide are racing to find a vaccine … Read more

Equity release: What is equity release and how does it work?

Rising numbers of older homeowners are resorting to equity release to help out loved ones during the coronavirus crisis. Despite the lockdown, equity release providers have handed out loans worth millions of pounds. Recent figures show that the proportion of borrowers using the wealth in their home to help out relatives had risen 20 per cent, from … Read more

Powerful private equity baron joins Rimmel owner

Private equity baron secures seat on board of company behind make-up brands Rimmel and Max Factor amid speculation that predator is circling By Ben Harrington, Financial Mail on Sunday Published: 21:59 BST, 30 May 2020 | Updated: 21:59 BST, 30 May 2020 A powerful private equity baron has secured a seat on the board of … Read more