Safe Home Income Plans welcomes coalition

The newly formed coalition between the Conservatives and the Liberal Democrats has been welcomed by the equity release trade body Safe Home Income Plans (SHIP).

Andrea Rozario, director general of SHIP, said the announcement has put an end to the uncertainty hanging over the country after the general election result.

Commenting on the Conservatives and the Lib Dems, she stated: "Both parties have policies which could help to improve the standard of living for older people in our country and we hope that these are prioritised along with the other vital changes that need to be made."

Ms Rozario also reiterated her organisation's suggestion that there needs to be a new emphasis on education, communication and co-operation as the country takes on the challenges it faces as a result of its ageing population.

SHIP recently stated that the equity release sector remains robust despite the difficulties posed by the current economic climate.

The size of the equity release market remained fairly stable, SHIP said, with total market advances falling by just eight per cent in the first quarter of the year compared with Q4 2009.

Ashall Glover Financial Services home income plan advisers