Barry O’Dwyer, the chief executive of Royal London, emphasized the complexity of later-life lending and the need for expert advice. He expressed the company’s commitment to ensuring high-quality advice is readily available, especially for those looking to utilize their home equity in retirement.
The Rising Potential of Later-Life Lending
This market is particularly appealing to Royal London as it offers retirees alternative financial solutions. According to O’Dwyer, this is especially beneficial for those with substantial property assets but inadequate pension funds to sustain their desired lifestyle post-retirement.
Established in 2010 and based in Plymouth, Responsible Group has carved a niche for itself in the mortgage industry. With Royal London’s latest maneuver, the future of later-life lending looks set to take an exciting turn.
