volume 14, issue 1, P41-91 2008
DOI: 10.1017/s1357321700001628
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G. M. Hosty, S. J. Groves, C. A. Murray, M. Shah

Abstract: ABSTRACTAlthough equity release market sales have been flat since 2003, the market has seen significant developments in terms of product flexibility, with greater levels of guarantees and drawdown schemes, in particular, leading to the reduction in average case sizes. All things being equal, products should have become more expensive for consumers, but the competitive environment which has driven product innovation has also resulted in lower product margins. This is all good for the consumer, but it is increas…

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