Key Group: Impact & Insights
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Understanding new realities, to secure successful retirements

Today, new social and economic realities call for new ways to help people fund successful retirements. And unlocking property wealth is fast becoming a trusted and reliable way to achieve those goals. After all, £3.8tn is held in property wealth across the UK.

 Increasingly, people are using equity release to do just that. By 2021, it’s estimated that equity release will account for £8.4bn in later life lending.

ERC, Key Market Monitor FY 2018, L&G Silver Spenders, Halifax 2017.

Why pensions alone aren’t enough. Today’s retirement realities.

Longer lives, longer retirements

As life expectancies continue to rise, people will need more money to maintain their standard of living through a longer retirement. And as the population continues to age, more people will come to rely on a pension system that is stretched thin.

Smaller pensions, more funding gaps

The pensions industry says that the standard 8% of earnings saved into a pension may not be enough to fund a full retirement. That means, coupled with longer lives, many people retiring today will not have enough to fund a full retirement.

Later home ownership, more debt in later life

Today people are buying homes later in life, meaning they are retiring with more debt than previous generations. By 2029, it’s estimated that unsecured debt held by people over 55 will total £548bn, and pensions alone will not make up the shortfall.

Caring for two generations at once

To add to the financial strain put on today’s over-55s, many are still required to help their adult children or grandchildren financially, as well as support the provision of social care for their parents.

Our latest insights

  • Thought leadership
  • Media
09 /19

Three quarters of advisers want greater education on spotting vulnerability in clients, reveals more 2 life

87% of advisers said they thought it was difficult to spot a vulnerable customer

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09 /19

Later Life Lending Market set to Almost Double in Next 10 Years

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09 /19

Bank of gran and grandad expands student lending

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09 /19

First time buyer boom drives older borrower mortgage enquiries

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07 /18

Equity release hits £1.63 billion as plan sales surge

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10 /19

NEWLY REBRANDED KEY GROUP SETS OUT VISION FOR LATER LIFE LENDING SECTOR

Strategy will deliver enhanced distribution, services and partnership opportunities for those looking to enter the market

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09 /19

Key Partnerships announces brand refresh and unveils detailed look at equity release introducer sector

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09 /19

Over half of older homeowners factor property into their financial plans as attitudes shift in later life

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Have a question or a media enquiry? We’re happy to talk.

We’re always happy to share our knowledge and insights with the wider world. If there’s anything you’d like to know about our market, our sector or how we’re working to address the changing needs of our customers, partners and society, feel free to get in touch.