The UK Equity Bank: Towards income security in old age

This report by ILC-UK explains that people will increasingly need to consider how best to use all their available assets to provide a secure income in retirement.

It outlines that unlocking a significant proportion of this wealth would have huge benefits for retired people themselves, but also local communities and society as a whole.

However, downsizing is expensive and impractical for many, and traditional equity release products have so far failed to attract a wide audience.

It calls for creation of an Equity Bank to turn home equity into a guaranteed lifetime income.