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Welcome to Advise Wise Market News, the news feed where you can find the latest from the later life market, including rate changes, product and process updates and market events.

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Canada Life rate changes

Rate Change

From Monday 29 November, Canada Life interest rates are:

  • decreasing on Lifestyle Select Lite, new rates from 2.93%MER
  • decreasing on Lifestyle Select Gold, new rates from 3.12%MER
  • increasing on Lifestyle Select Gold Plus, new rates from 3.61%MER

The rate changes apply to further borrowing on existing loans.

Pipeline cases

If your client wants to take advantage of the existing rates, generate a KFI before 9am on Monday 29 November.

If you have already generated a KFI and your client would like to proceed,submit the application before 5pm on Monday 13 December.

Published: 29th November 2021

Aviva rate change

Rate Change

From Tuesday 30 November, Aviva will change interest rates on both the Lifestyle Lump Sum Max and Lifestyle Flexible Option, on new business only. There are no changes to the interest rates on additional borrowing.

Application deadlines for cases based on previous rates is Monday 13 December.

Published: 26th November 2021

OneFamily product changes

Product Update

From 1 December, OneFamily is making the following changes to its product range

  1. Removal of variable interest payment rate (Lite and Standard) products from new business

    Deadline for Variable Interest Payment applications will be 30 November.

  2. Variable rate product changes:

    The CPI will be increasing to 3.1%. The new MER rates on Variable rate:

  • Variable Lite Interest Roll up with Voluntary Payment: 5.40% (5.54% AER)
  • Variable Standard Interest Roll up with Voluntary Payment: 5.80% (5.96% AER)

Published: 25th November 2021

Just rates decrease

Rate Change

From Thursday 25 November, Just is decreasing interest rates on:

  • J2.5 series, new rates from 3.91%MER
  • J3 series, new rates from 3.96%MER
  • J4 series, new rates from 4.08%MER
  • J6 series, new rates from 4.49%MER
  • Green series, new rates from 3.81%MER

Published: 25th November 2021

Pure Retirement Sovereign rate decrease

Rate Change

From Wednesday 24 November, Pure Retirement has decreased interest rates on all Sovereign and Sovereign Elite products.

All KFIs are valid for 21 days.

Published: 24th November 2021

Pure Retirement Heritage rate reduction

Rate Change

From Wednesday 24 November, Pure Retirement is reducing interest rates on the Heritage Super Max (Fixed, GILT ERCs, Freem 20 and 40).

New rates from 4.18%MER.

Published: 24th November 2021

Changes to OneFamily SLTV Product

Product Update

From Tuesday 23 November, OneFamily is making the following changes to the SLTV product:

  • Rate reduction to 6.09% (currently 6.29%)
  • 2% cashback
  • LTV’s increased by 0.5% starting at 40.5% (currently 40%)

Published: 23rd November 2021

Changes to the Pure Retirement Sovereign range

Product Update

From Tuesday 23 November, Pure Retirement is making changes to the Sovereign and Sovereign Elite ranges:

  • Flexible pricing
  • New Sovereign product options
  • Additional price points
  • Defined Drawdowns
  • Improved drawdown pricing
  • Minimum age 55
  • Aligned LTVs
  • Improved pricing

Submission deadlines for current Sovereign range products:

  • Request KFIs by 23:59 Monday 22 November 2021
  • Submit applications by 23:59 Monday 6 December 2021
  • Apply for Further Advances by 23:59 Wednesday 24 November 2021

Published: 23rd November 2021

Pure Retirement Classi rate decrease

Rate Change

From Tuesday 23 November, Pure Retirement is reducing interest rates on the Classic product range by up to 0.09%MER.

All KFIs are valid for 21 days.

Published: 23rd November 2021

Pure Heritage Supreme products withdrawal

Product Update

From Wednesday 24 November, Pure Retirement is withdrawing all variants of the following Heritage products from the market:

  • Heritage Supreme
  • Heritage Supreme Plus
  • Heritage Supreme Max

Submission deadlines on these products:

  • Request KFIs by 23:59 Tuesday 23 November.
  • Submit applications by 23:59 Tuesday 7 December.

Published: 22nd November 2021

Pure Retirement Sovereign rate reduction

Rate Change

From Thursday 18 November, Pure Retirement is reducing interest rates on Sovereign and Sovereign Elite A, B and C products. Sovereign products D, E and F remain unchanged.

New rates from 2.85%MER.

Published: 17th November 2021

LV= rate decrease

Rate Change

From Thursday 18 November, LV= is decreasing interest rates on:

  • Lifetime Mortgage Drawdown+
  • Lifetime Mortgage Lump Sum+

New rates from 3.03%MER

Published: 16th November 2021

Four Pillar of Wellness event

Market Events

When: 1st December, 10am

Join Pure’s BDM, Jane and L&D Manager, Jonathon, for a training session on understanding the four pillars of wellbeing and tips on how to manage stress with fun exercises for you to take part in, from desk yoga to mindfulness to boost your energy and resilience.

Sign up

Published: 16th November 2021

Aviva rate change

Rate Change

From Tuesday 16 November, Aviva is changing interest rates on both the Lifestyle Lump Sum Max and Lifestyle Flexible Option, on new business only.

Application deadline for pipeline cases: 29 November.

No changes to the interest rates on additional borrowing.

Published: 15th November 2021

L&G rate decrease

Rate Change

From 6pm on 11 November, L&G is reducing interest rates on its Lifetime Mortgage range by up to 0.23%

Published: 11th November 2021

Pure Retirement Emerald rate increase

Rate Change

From Wednesday 10 November, Pure Retirement is increasing interest rates on the Emerald range, by up to 0.21%MER.

Submission deadlines:

  • Request KFIs by 23.59 on 10 November
  • Submit applications within 21 days of KFI
  • All KFIs are valid for 21 days.

Published: 9th November 2021

Pure Retirement Sovereign rate decrease

Rate Change

From Tuesday 9 November, Pure Retirement is decreasing interest rates on the Sovereign range and Sovereign Elite range products A,B,C.

New rates from 2.94%MER.

Products D, E and F remain unchanged.

Published: 9th November 2021

Pure Retirement Heritage rate increase

Rate Change

From Wednesday 10 November Pure Retirement is increasing interest rates on the core Heritage range (fixed and gilt ERCs) Freedom 20 and Freedom 40. New rates from 3.80%MER.

Deadlines:

  • Request KFIs by 23.59 Tuesday 9 November
  • Submit applications by 23.59 Tuesday 23 November
  • Deadline fo further advances: 00.01 Saturday 13 November

Published: 8th November 2021

Just rate increase

Rate Change

From Wednesday 10 November, Just is increasing interest rates on J1, J2, J2.5 and Green series. New rates from 3.70%MER.

For any pipeline quotes, submit the application before close of business on Wednesday 24 November.

Published: 8th November 2021

Pure Retirement product update

Market Events

When: 25 November 10am

Join Pure BDM Jane Mullan who will introduce new changes to the Sovereign product range, plus many other updates.

Book your place

Published: 8th November 2021

Pure ‘The Unplaceables’ webinar

Market Events

When: 10 November 10am

Join Pure BDM Anna Thompson, with Jane Hanlon from Advise Wise and Matt Taylor from Equilaw to discuss your hard cases to place.

To submit your case, you can send it to marketing@pureretirement.co.uk

Book your place

Published: 8th November 2021

LV= rate reduction

Rate Change

From Friday 5 November, LV= is decreasing interest rates on Drawdown+ and Lump Sum+. New rates from 3.08%MER.

Published: 5th November 2021

m2l Flexi Choice rate decrease

Rate Change

From Thursday 4 November, m2l is decreasing interest rates across Flexi Choice plans. New rates from 2.95%MER.

Published: 4th November 2021

Pure Retirement Classic rate decrease

Rate Change

From Wednesday 3 November, Pure Retirement is reducing interest rates on the Classic product range by up to 0.59%MER.

All KFIs are valid fro 21 days.

Published: 3rd November 2021

L&G criteria improvement

Product Update

From 6pm on Tuesday 2 November L&G is able to lend:

  • in single names for Co-habiting (not married) couples and
  • for customers where there is a Debt Management Plan in place.

Published: 2nd November 2021

L&G rate reduction

Rate Change

From 6pm on Tusesday 2 November, L&G is reducing interest rates on its entire range of lifetime mortgages by up to 0.24%

Published: 2nd November 2021

Canada Life rate changes

Rate Change

From Tuesday 2 November Canada Life is:

  • increasing the LTVs on Capital Select Lite, Capital Select Gold, Capital Select Gold Plus, Capital Select Platinum and Capital Select Platinum Plus
  • increasing the rates on Capital Select Gold Plus and Capital Select Platinum
  • decreasing the rates on Capital Select Platinum Plus

New rates from 4.59%MER.

The rate changes apply to further borrowing on existing loans, but the LTV changes do not.

Application submission deadline: 5pm on Tuesday 16 November.

Published: 2nd November 2021

Canada Life Lead Generation workshop

Market Events

When: 4 November - 18 November

Supporting advisers to grow their equity release business.
Duration: 5 hours.

Register

Published: 29th October 2021

Aviva rate change

Rate Change

From 29 October, Aviva is changing interest rates on both the Lifestyle Lump Sum Max and Lifestyle Flexible Option, on new business only.

There are no changes to the interest rates on additional borrowing.

Applications on current rates will be accepted by Thursday 11 November.

Published: 28th October 2021

More2life increases Flexi Premier procuration fee

Product Update

From 2 November, more2life is increasing the maximum procuration fee on all Flexi Choice Premier plans from £10,000 to £20,000.

The increase to the maximum procuration fee will apply to new applications only from Tuesday 2 November. Any existing applications will remain capped at £10,000.

There are no changes to the procuration fees on standard Flexi Choice plans, on which the procuration fees will remain capped at £10,000.

Published: 28th October 2021

Pure Retirement increases procuration fee cap on Classic Elite

Product Update

From 2 November, Pure Retirement is increasing the broker procuration fee cap on all Classic Elite cases to £20,000 (currently £10,000).

The increased cap will apply to all new KFIs from 2 November. Any pipeline cases will continue on the £10k cap.

A £10,000 cap will remain on Standard Classic cases.

Published: 28th October 2021

Just rate increase

Rate Change

From Wednesday 27 October, Just is increasing interest rates on J6. New rates from 4.64%MER.

Application deadline: close of business Wednesday 10 November.

Published: 26th October 2021

LV= rate increase

Rate Change

From Wednesday 27 October, LV= is increasing interest rates on Drawdown+ and Lump Sum+.

New rates from 3.38% MER.

Application deadline: 12:00 midday, Wednesday 10 November.

Published: 26th October 2021

Canada Life rate change

Rate Change

From Tuesday 26 October, Canada Life is increasing interest rates on the following Lifestyle Select options:

  • Lite (Standard and Flexible), new rates from 3.03% MER
  • Gold (Standard and Flexible), new rates from 3.15% MER
  • Gold Plus (Standard and Flexible), new rates from 3.40% MER
  • Additional borrowing for the above products

Sumbission deadlines:

  • Generate a KFI before 9am on Tuesday 26 October.
  • Submitt the application before 5pm on Tuesday 9 November.

Published: 26th October 2021

Pure Retirement Sovereign rate change

Rate Change

From Monday 25 October, Pure Retirement is increasing interest rates on Sovereign band A by up to 0.03%MER and decreasing interest rates on Sovereign band C and D by up to 0.10%MER.

New rates from:

  • Sovereign range 2.96%MER
  • Sovereign Elite range 3.46% MER

Submission deadlines:

  • Request KFIs by 23:59 on 24 October
  • Submit applications by 23:59 on 7 November

Published: 25th October 2021

Pure Retirement Sovereign rate change

Rate Change

From Monday 25 October, Pure Retirement is increasing interest rates on Sovereign band A by up to 0.03%MER and decreasing interest rates on Sovereign band C and D by up to 0.10%MER.

New rates from:

  • Sovereign range 2.96%MER
  • Sovereign Elite range 3.46% MER

Submission deadlines:

  • Request KFIs by 23:59 on 24 October
  • Submit applications by 23:59 on 7 November

Published: 25th October 2021

Aviva launches Fixed ERC’s

Product Update

From Thursday 21 October 2021 Aviva allows all new equity release customers to choose whether to have an early repayment charge based on gilts as per its current T&Cs or select the new fixed percentage charge.

These new Aviva product variants are available to source via Advise Wise immediately.

Published: 20th October 2021

Pure Retirement Emerald increase

Rate Change

From Thursday 21 October, Pure Retirement is increasing interest rates by up to 0.20% MER on the Emerald range.

Submission deadlines:

  • Request KFIs on the current rates by Wednesday 20 October 2021
  • Submit applications within 21 days of KFI

Published: 20th October 2021

Pure Retirement Heritage increase

Rate Change

From Wednesday 20 October, Pure Retirement is increasing interest rates on the Heritage, Freedom 20 and Freedom 40 ranges. New rates from 3.60% MER.

Submission deadlines:

  • Request KFIs on the current rates by 23:59 Tuesday 19 October 2021
  • Submit applications on the current rates by 23:59 Tuesday 2 November 2021

Published: 18th October 2021

Just rate increase

Rate Change

From Wednesday 20 October, Just is increasing interest rates on:

  • J3 series, new rates from 4.05%MER
  • J4 series, new rates from 4.19%MER.

For any pipeline quotes, submit the application before close of business on Wednesday 3 November. Any applications received after this date will be on the new interest rates.

Published: 18th October 2021

Pure Classic criteria changes

Product Update

From 16 October, Pure Retirement is making the folowing criteria changes to the Classic range:

  • Max loan amount increased to £540k in Scotland and Wales (previously £515k)
  • Flat roof: Maximum increased from 25% to 50%.

Published: 15th October 2021

Pure Retirement Sovereign rate increase

Rate Change

From Thursday 14 October, Pure Retirement is increasing interest rates on bands A,B,C and D. This also applies to the Sovereign Elite range. E and F will remain unchanged. New rates from 2.93%MER.

Submission Deadlines:

  • Request KFIs on the current rates by 23:59 Wednesday 13 October 2021
  • Submit applications on the current rates by 23:59 Wednesday 27 October 2021

Published: 13th October 2021

LV= rate increase

Rate Change

From Friday 15 October, LV= is increasing interest rates on Drawdon+ and Lump Sum+. New rates from 3.09%MER.

For pipeline cases, the application deadline is 23:59 Friday 29 October.

Published: 12th October 2021

L&G rate increase

Rate Change

From 6pm on Wednesday 13 October, L&G is increasing interest rates by up to 0.39% across all its lifetime mortgage products.

To secure the current rates:

  • Generate a KFI by 6pm on Wednesday 13 October
  • Submit the DIP by 5pm on Wednesday 20 October*
  • The valuation needs to be carried out by Monday 15 November
  • Submit all supporting documentation by Wednesday 24 November
  • The case needs to be offered by Wednesday 8 December
  • Completion will need to take place within the 50 day offer validity period
  • Pipeline cases which require a re-offer after 6pm on Wednesday 13 October will be offered on the prevailing rates at the time.

*If you have generated a KFI on L&G old portal Apply Online, which has now closed, you must submit the application by 5pm on Wednesday 20 October. After this time you must generate and proceed with a new KFI on L&G new Later Life Mortgage Portal.

Published: 12th October 2021

Aviva rate change

Rate Change

From Tuesday 12 October, Aviva is changing interest rates on both the Lifestyle Lump Sum Max and Lifestyle Flexible Option, on new business only.

There are no changes to the interest rates on additional borrowing.

Deadlines:

  • Submit applications based on previous rates (version 24.9.2021) by 19 October and 25 October (version 6.10.2021)

Published: 11th October 2021

Pure Retirement Heritage range changes

Product Update

From Monday 11 October, Pure Retirement is making the following changes to the Heritage range:

Leasehold Flats/Maisonettes Max LTV Cap

  • For flats and maisonettes, new 85% max LTV cap
  • This will apply to all Heritage products (GILT/Fixed ERCs, Freedom 20 & Freedom 40)

Launch of 3 New LTV Tier products offering LTVs up to 58.50% (dependent on age):

  • Heritage Supreme (fees package option available with choice of 1% or 2% cashback)
  • Heritage Supreme Plus (fees package option available with choice of 1% or 2% cashback)
  • Heritage Supreme Max (fees package option available with 1% cashback)
  • These products will be available with Fixed or GILT ERCs
  • Not available on Freedom 20 or Freedom 40
  • Higher min property value of £100,000 (vs. £70,000 for the rest of the Heritage range)
  • 85% max LTV cap

The following further underwriting criteria restrictions will apply to these products only:

Underwriting Restrictions for Heritage Supreme, Supreme Plus and Supreme Max:

  • No leasehold title
  • No properties with estate rent charges
  • No flat roof exceeding 30%
  • No age-restricted properties
  • No properties located on Scottish Islands
  • No listed buildings
  • No lodgers/tenants
  • No annexes or self-contained accommodation
  • No properties with Type 1 Japanese Knotweed
  • No pre-1900 timber frame properties
  • No thatched roofs
  • No modern methods of construction
  • No properties adjacent to commercial premises
  • No unsatisfied CCJs
  • No unsatisfied IVAs or Debt Management Plans exceeding £10,000

Published: 11th October 2021

Pure Retirement launches Emerald range

Product Update

On Wednesday 6 October, Pure Retirement has launched the new Emerald range, offering its highest LTVs and flexible pricing solutions to meet the needs of customers.

Emerald product features include:

  • High LTVs available, up to 57.5%
  • ERC-free repayments, up to 12%
  • 4% cashback available on all products
  • Direct Debits facility available
  • Fee-free options available on all products
  • Standard range (non-cash-back) ERCs begin at 7%

Discover the Emerald range

Published: 6th October 2021

LV= rate increase

Rate Change

From Friday 8 October, LV= is increasing interest rates on:

  • Lifetime Mortgage Drawdown+, new rates from 2.94%MER
  • Lifetime Mortgage Lump Sum+, new rates from 2.95%MER

Applications based on previous rates must be submitted by Friday 22 October.

Published: 5th October 2021

Aviva property webinar

Market Events

Join Aviva property webinar, a joint presentation by Neil Uttley, Equity Release National Sales Manager and Andrew Turner, In-House Chartered Surveyor.

You’ll discover more about:

  • The common misconceptions concerning valuations and how to assess property values
  • How to deal with complex and often difficult property scenarios
  • Aviva lending criteria that lets us to say yes to more customers
  • The role of the valuer and what’s expected of them.

When:

Friday 8 October, 10am - Register
Wednesday 13 October, 2pm - Register
Friday 15 October, 10am - Register

Published: 5th October 2021

Aviva rate change

Rate Change

From Wednesday 6 october, Aviva interest rates are increasing or remaining the same on both the Lifestyle Lump Sum Max and Lifestyle Flexible Option, on new business only. There are no changes to the interest rates on additional borrowing.

Applications based on previous rates will be accepted until Tuesday 19 October.

Published: 4th October 2021

L&G rate increase

Rate Change

From 6pm Tuesday 5 October, L&G is increasing interest rates across all products by 0.21%.

To secure the current interest rates:

  • Generate an illustration by 6pm on Tuesday 5 October
  • Submit the DIP by 5pm on Tuesday 12 October*
  • The valuation needs to be carried out by Friday 5 November
  • Submit all supporting documentation by Tuesday 16 November
  • The case needs to be offered by Tuesday 30 November
  • Completion will need to take place within the 50 day offer validity period.

*For KFIs generated on the older, Apply Online, portal you must submit the application by 5pm on Tuesday 12 October 2021.

Any cases received outside of the timescales described above will not be honoured.

Please note, following a DIP decision, if you choose to Edit DIP you will lose your current product/rate choice and only be able to proceed on prevailing rates at the time.

Pipeline cases which require a re-offer after 6pm on Tuesday 5 October will be offered on the prevailing rates at the time.

Property valuations

Consider submitting your Full Mortgage Application (FMA) on the Later Life Mortgages Portal as early as possible to ensure you meet the deadline for valuations.

If the independent valuer provides a lower property valuation than your clients estimate, your client may be able to switch to a product with higher LTVs. L&G will also consider honouring the interest rates available at the time the illustration was produced (providing there are no other changes to the application).

Published: 4th October 2021

Canada Life rate increase

Rate Change

From Wednesday 6 October, Canada life is increasing interest rates on

  • Lifestyle Select Lite, new rates from 2.93%MER
  • Lifestyle Select Gold, new rates from 3.11%MER
  • Lifestyle Select Gold Plus, new rates from 3.30%MER

The new interest rates will also apply to additional borrowing.

To take advantage of the existing Lifestyle Select Option terms:

  • Generate a KFI before 9am on Wednesday 6 October.
  • If you have already generated a KFI, submit the application before 5pm on Wednesday 20 October.

Published: 4th October 2021

Pure Retirement Sovereign rate increase

Rate Change

From Tuesday 5 October, Pure Retirement is increasing interest rates on:

  • Sovereign A, new rates from 2.79%MER
  • Sovereign B, new rates from 2.87%MER
  • Sovereign C, new rates from 2.99%MER

This rate increase also applies to the Sovereign Elite range products. Sovereign products D – F remain unchanged.

Submission Dates:

  • The deadline for KFIs on the current rates is 23:59 Monday 4 October 2021
  • The deadline for applications on the current rates is 23:59 Thursday 14 October 2021

Published: 4th October 2021

Pure Retirement exclusive product launch event

Market Events

When: 5 October, 10.30am

Join Pure Retirement for a virtual product launch event, hosted by Jane Mullan, Pure BDM for the South, who will be joined by Craig Faulkiner, Head Of Distribution at Advise Wise. The event will cover Pure Retirement new lifetime mortgage and how it could support your client’s changing needs with flexible solutions.

Book your place

Published: 29th September 2021

L&G rate increase

Rate Change

From 6pm Wednesday 29 September, L&G is increasing interest rates by up to 0.18% across all of its lifetime mortgage products.

To secure the current interest rates:

  • Generate the KFI by 6pm on Wednesday 29 September
  • Submit the application by 5pm on Wednesday 06 October*
  • The valuation needs to be carried out by Monday 01 November
  • All supporting documentation required must be with L&G by Wednesday 10 November
  • The case needs to be offered by Wednesday 24 November
  • Completion will need to take place within the 50 day offer validity period.

*For Illustrations generated on the new, Later Life Mortgage Portal, you must submit the Decision In Principle (DIP) by 5pm on 06 October. You should also consider submitting your Full Mortgage Application (FMA) on the Later Life Mortgages Portal as early as possible to ensure you meet the deadline for valuations.

Any cases received outside of the timescales described above will not be honoured.

Pipeline cases which require a re-offer after 6pm on Wednesday 29 September will be offered on the prevailing rates at the time.

Published: 28th September 2021

LV= rate increase

Rate Change

From Wednesday 29 September, LV= is increasing interest rates on:

  • Lifetime Mortgage Drawdown+
  • Lifetime Mortgage Lump Sum+

New rates from 2.75%MER.

Deadline to submit applications based on lower rates is 13 October.

Published: 24th September 2021

Aviva rate change

Rate Change

From Friday 24 September, Aviva is changing interest rates on both the Lifestyle Lump Sum Max and Lifestyle Flexible option, on new business only. No changes to the interest rates on additional borrowing.

Deadlines:

  • Applications based on previous rates will be accepted until 7 October.
    Applications received from 8 October wil be processed using the new interest rates.
  • If an initial offer expires on or after Friday 24 September, the new offer will be based on new interest rates.

Published: 24th September 2021

Pure Retirement Heritage rate reduction

Rate Change

From Thursday 23 September, Pure Retirement is reducing interest rates on:

  • Heritage Max (ages 55-75 only), new rates from 3.71%MER
  • Heritage Max Plus, new rates from 3.72%MER

For Heritage Max, there will be no rate reduction for ages 76+. This reduction applies to the following Heritage ranges: Fixed / GILT ERCs, Freedom 20, Freedom 40 and Renovate.

There is no rate reduction to the Heritage Plus or Super Max products.

Published: 23rd September 2021

Pure Retirement Classic rate increase

Rate Change

From Thursday 23 September, Pure Retirement is increasing interest rates on the Classic range, by up to 0.13%MER.

New rates from 2.56%MER.

  • Flexible Products – changes to go live after 18:00, Thursday 23 September 2021. Applications must be made within 21 days of the KFI.
  • Static Products (including further advances / cash releases) – changes to be live by 00:01 on Friday 24 September 2021. Applications on the old rates for further advances can be submitted (as long as the KFI is generated before the above date) up until 23:59 Thursday 7 October 2021.

Published: 23rd September 2021

Canada Life withdraws Prestige Options

Rate Change

From 23 September 10am Canada Life is withdrawing Prestige Options from the market.

If your client wants to take advantage of the existing Lifestyle Select Option or Prestige Option product terms, generate a KFI before 9am on Thursday 23 September.

If you have already generated a KFI and your client would like to proceed, submit a linked applications before 5pm on Friday 8 October.

Published: 23rd September 2021

Canada Life rate change

Rate Change

From 23 September 10am Canada Life is increasing interest rates on

  • Lifestyle Select Lite (Standard and Flexible), new rates from 2.71%MER
  • Lifestyle Select Gold (Standard and Flexible), new rates from 2.85%MER
  • Additional borrowing for the above

Published: 23rd September 2021

Just introduces medical underwritten option

Process Update

From Monday 20th September 2021 Just is expanding the Just For You Lifetime Mortgage to include a medically underwritten option on the J1-4 LTV series.

This brand new option allows intermediaries to offer a lifetime mortgage solution that is personalised to their clients using their health and lifestyle conditions.

With the Just For You Lifetime Mortgage medical underwriting, six in 10 people could borrow more, or get a better interest rate to reduce their borrowing costs, allowing intermediaries the ability to deliver solutions unique to every client.

Published: 20th September 2021

Pure Retirement Classic rate increase

Rate Change
  • Flexible Products – changes from 18:00, Friday 17 September 2021. Applications must be made within 21 days of the KFI.
  • Rate increases by upto 0.12% MER
  • Static Products (including further advances/cash releases) from Saturday 18 September 2021. Applications on the old rates for further advances can be submitted (as long as the KFI is generated before the above date) up until 23:59 Friday 1 October 2021.

Published: 17th September 2021

Pure Retirement Classic rate decrease

Rate Change
  • Flexible Products – changes from 12 noon Thursday 16 September 2021
  • Rate reductions by upto 0.12% MER
  • Please note all KFI’s are valid for 21 days

Published: 16th September 2021

Pure Sovereign rate increase

Rate Change

From Friday 17 September Pure Retirement is increasing interest rates on:

  • Sovereign A – new rates from 2.53%MER
  • Sovereign B – new rates from 2.64%MER
  • Sovereign C – new rates from 2.76%MER

Submission Dates:

  • The deadline for KFIs on the current rates is 23:59 Wednesday 16 September 2021
  • The deadline for applications on the current rates is 23:59 Wednesday 29 September 2021

Published: 16th September 2021

LV= offers free valuations

Process Update

From Tuesday 14 September LV= is offering free valuation on all new business applications, regardless of property value.

LV= won’t charge for the initial valuation, but any re-valuations or additional borrowing valuations will be charged at the rates applicable at the time.

Published: 14th September 2021

LV= rate decrease

Rate Change

From Tuesday 14 September, LV= is decreasing interest rates on:

  • Lifetime Mortgage Drawdown +, new rates from 2.65%MER
  • Lifetime Mortgage Lump Sum +, new rates from 2.65%MER

Published: 14th September 2021

Just rate reduction

Rate Change

On Monday 13 September Just is decreasing interest rates on

  • J2.5 series, new rates from 3.79% MER
  • J3 series, new rates from 3.80% MER
  • J4 series, new rates from 3.92% MER
  • J6 age 68-85 series, new rates from 4.55% MER
  • Green series, new rates from 3.69% MER

For customers who choose to take the option of a cash facility, there will be a 0.05% increase to the MER rates.

There are two tiers of interest rate reduction for those customers who choose to service some or all of the monthly interest:

  • If servicing below 25% of the monthly interest there will be no reduction
  • If servicing 25.01% + of the monthly interest amount there will now be a 0.05% reduction
  • All cashback is capped at £20,000 from J1-J5
  • J6 has uncapped cashback

Published: 13th September 2021

Pure Retirement Heritage rate reduction

Rate Change

From Friday 10 September, Pure Retirement is reducing interest rates on Heritage Super Max , new rates from 4.00% MER.

This apply to all ages and to the Fixed, Gilt ERCs, Freedom 20 and Freedom 40 ranges.

There is no rate reduction to the Heritage Plus, Max, Max Plus products or the Heritage Renovate range.

Published: 10th September 2021

Aviva rate change

Rate Change

From 8 September, Aviva is changing interest rates on both the Lifestyle Lump Sum Max and Lifestyle Flexible Option, on new business only.

  • Applications based on previous interest rates will be accepted until Tuesday 21 September 2021.
  • When the rate has increased, applications received from 22 September will be processed with the new rates.
  • All pre-sales illustrations produced on or after Wednesday 8 September 2021 will automatically be processed using the new LTVs and new interest rates.

Published: 8th September 2021

Aviva LTV change

Product Update

From 8 September 2021 Aviva will change LTVs used to determine the maximum a customer can borrow on both the Lifestyle Lump Sum Max and Lifestyle Flexible Option, on new business and additional borrowing.

As part of this change, Aviva will be merging the LTV scales for the two products on non-medically enhanced business, so all customers will be able to obtain a reserve on the highest available LTVs.

  • All pre-sales illustrations produced on or after Wednesday 8 September 2021 will automatically be processed using the new LTVs.
  • For additional borrowing applications received up to and including Tuesday 21 September 2021 will be processed using the current LTV table.
  • All additional borrowing applications received from Wednesday 22 September 2021 will be processed using the new LTV table.
  • Where terms have been offered and the customer wishes to make an alteration to the loan, the new offer will be based the new LTV table.
  • If an initial offer expires on or after Wednesday 8 September 2021, Aviva will issue a new offer based on new LTVs which will be guaranteed for 7 days.

Please request a new pre-sales illustration in the following circumstances:

  • If an application has been declined due to no further funds being available on current LTVs and you would like to check if funds are available using the new LTV table.
  • If an offer has already been issued and you would like to check if the new LTV table impacts the loan amounts.

Published: 8th September 2021

L&G launches new Premiere products

Product Update

From Monday 6 September 6pm, L&G is launching Premier Lifetime Mortgages, available to customers with properties worth at least £1million and offer rates 0.1% lower than the equivalent standard £599 fee products.

Key Features:

  • Flexible and OPLM versions available
  • Black and Yellow LTVs only
  • £599 arrangement fee
  • Variable ERCs
  • Min initial advance is £50k and no max
  • No max limit to the property value

Published: 6th September 2021

The Financial Reporter Later Life Lending Roadshow

Market Events

15 September in Weybridge. Register now
16 September in Walsall. Register now
29 September in Northampton. Register now
30 September in Barnsley. Register now

Published: 3rd September 2021

Canada Life latest report

General Update

In collaboration with the ERC and other industry experts, Canada Life has produced a new report “Home advantage: intergenerational perspectives on property wealth in later life”, offering insights into how trends have altered the life experiences of adults now in their thirties and sixties.

Key areas explored in the report:

  • The legacy of pension freedoms and low interest rates leading to new, more flexible ways of achieving retirement income security
  • Increasing property costs and challenges around affordability resulting in more homeowners taking out longer term mortgages that will need to be provisioned for
  • Changing perceptions over the role of property wealth in funding retirement, with a growing acceptance of debt in later life

Learn more about these trends by downloading the report.

Published: 3rd September 2021

OneFamily enhances its LTM service and processes

Process Update

OneFamily is introducing Nitro Sign, enabling you to add your signature to your customers application quickly and easily. The software is free and easy to use, with no download necessary, and ensures your legally binding digital signature is sent safely and securely. The use of electronic signature solution removes the need for wet signatures on the mortgage application form.

Nitro Sign will now enable you to read the required declarations to your customer and confirm their understanding and acceptance, by signing electronically on their behalf, in three easy steps:

  1. You’ll receive an email from OneFamily containing a link to ‘Sign the document’. Click the link to open up the Declaration.
  2. Read the declarations to your customer, then confirm their understanding and acceptance by either drawing, typing or uploading your signature in the relevant box.
  3. Click the ‘Submit’ button and OneFamily will receive your signed document instantly. You’ll also be emailed a copy for your records.

If you have any questions on how to use Nitro Sign, please get in contact with OneFamily Mortgage Operations Team on OFLMprocessorsmailbox@onefamily.com or 0800 802 1645* (Option 3).

Published: 3rd September 2021

Just product changes

Product Update

From Thursday 2 September, Just is amending the max customer age cap of 85 to apply to initial advances only.

Published: 2nd September 2021

Just rate decrease

Rate Change

From Thursday 2 September, Just is decreasing interest rates on:

  • J3 series, new rates from 3.92%
  • J4 series, new rates from 4.07%

For customers who choose to take the option of a cash facility, there will be a 0.05% increase to the MER rates.

There are two tiers of interest rate reduction for those customers who choose to service some or all of the monthly interest:

  • If servicing below 25% of the monthly interest there will be no reduction
  • If servicing 25.01% + of the monthly interest amount there will now be a 0.05% reduction

All cashback is capped at £20,000 from J1-J5. J6 has uncapped cashback.

Published: 2nd September 2021

Pure Retirement Unplaceable webinar

Market Events

When: 8 September, 10-11am

Hosted by Anna Thompson, joined by:

  • Les Pick, Head of Sales and Nicola Palmer, Business Development Manager at Canada Life,
  • Peter Barton, Head of Equity Release at Ashfords Solicitors
  • Jane Hanlon, Mortgage Club Manager and Craig Faulkiner, Head of Distribution at Advise Wise

If you would like one of your cases discussing, please email marketing@pureretirement.co.uk

Book your place

Published: 1st September 2021

Pure Retirement Sovereign rate reduction

Rate Change

From Tuesday 31 August Pure Retirement is decreasing interest rates on Sovereign A products, including Sovereign Elite A. New rates from 2.46%MER.

Products B to F remain unchanged.

Published: 31st August 2021

LV= Wealth & Wellbeing webinar

Market Events

Webinar - From lockdowns to lifts: how the UK’s financial habits have shifted through Covid-19 and beyond

When: Tuesday 14 September at 10am

Covid-19 has fundamentally shifted the financial needs and priorities of the UK population. Since the start of the pandemic, LV= has been tracking financial and wellbeing trends of the UK population and publishing the findings in its quarterly LV= Wealth and Wellbeing report.

The session will be run by Head of Customer Insight, Sarah Havard-James, who oversees the research. Sarah will be sharing the story so far, trends through Covid-19 and beyond, and setting out the key findings from the latest research.

Sarah will also be joined by Business Development Managers from both Savings and Retirement and Equity Release, who will be discussing what client planning opportunities these trends and insights present for financial advisers.

The event offers 30 minutes of CPD to attendees, and there will be a short Q&A session at the end.

Reserve your place

Published: 27th August 2021

Pure Retirement Heritage rate reduction

Rate Change

From Friday 27 August, Pure Retirement is decreasing interest rates on Heritage Max Plus & Super Max, both GILT and Fixed ERC, along with Heritage Freedom 40 & Freedom 20 Max Plus and Super Max. New rates from 3.55%MER.

Published: 27th August 2021

Pure Retirement Classic rate decrease

Rate Change

From Monday 23 August, Pure Retirement is decreasing interest rates on the Classic product range. New rates from 2.47%MER.

For drawdowns and Further Advances the changes will go live at 00.01 on Tuesday 24 August. All KFIs are valid for 21 days.

Published: 23rd August 2021

Aviva rate change

Rate Change

From Friday 20 August, Aviva is changing interest rates on both the Lifestyle Lump Sum Max and Lifestyle Flexible Option, on new business only.

Applications based on previous rates will be accepted until Friday 3 September.

Published: 20th August 2021

L&G rates decrease

Rate Change

From 6pm, Thursday 19 August, L&G is reducing interest rates on Navy, Indigo and Violet variants. For pipeline cases you can:

  • Select a new plan, after the rate change goes live, if you haven't submitted a Full Mortgage Application yet
  • If you've already submitted an application but haven't received an offer yet, LG will automatically offer on the new rates
  • Generate a new KFI
  • Ask L&G to reoffer an existing application by filling out this online form or calling L&G on 03330 048444 (option 2)

Published: 19th August 2021

LV= rate decrease

Rate Change

From Thursday 19 August, LV= is decreasing interest rates on:

  • Lifetime Mortgage Drawdown+. New rates from 2.72%MER
  • Lifetime Mortgage Lump Sum+. New rates from 2.73%MER

Published: 19th August 2021

Pure Broker Client mobile app

Process Update

Pure Retirement just updated its Broker Client mobile app, giving you access to your lifetime mortgage business, whilst on the move.

Learn more and download the app

Published: 18th August 2021

Pure introduces Heritage Max age cap

Product Update

From Wednesday 18 August, Pure Retirement is introducing a max age cap of 85 to Heritage Standard range (Fixed/GILT ERCs) and Heritage Renovate.

For Heritage Freedom 20 and Freedom 40, the current max age cap of 80 will remain.

Published: 18th August 2021

Pure Retirement Sovereign rate reduction

Rate Change

From Monday 16 August, Pure Retirement is decreasing interest rates on the Sovereign range, on A-B-C products. Products D,E,F remain unchanged.

New rates from 2.52%MER.

Published: 16th August 2021

Just rate changes

Rate Change

From Friday 13 August, Just is :

  • Decreasing interest rates on J3. New rates from 3.98%MER.
  • Decreasing rates on J4. New rates from 4.08%MER.
  • Decreasing rates on J6. New rates from 4.46%MER.
  • Removing the current £20,000 cashback cap on J6.
  • Introducing two additional cashback tiers to J6.
  • Introducing a max age of 85 across the entire Just For Your Lifetime Mortgage range. This will apply to new business customers and further advances.

Published: 13th August 2021

Pure Classic rate decrease

Rate Change

From 10 August, Pure Retirement is reducing interest rates on the Classic product range, by up to 0.10%MER.

New rates from 2.53%MER. All KFIs are valid for 21 days.

Published: 11th August 2021

Pure Retirement Heritage rate reduction

Rate Change

From Tuesday 10 August Pure Retirement is reducing interest rates on Heritage Max Plus and Super Max (Fixed, GILT ERCs, Freedom 20 and Freedom 40). New rates from 3.55%MER.

Published: 10th August 2021

Canada Life new Lifestyle Select Options

Product Update

From Tuesday 10 August, Canada Life is introducing a new range of Lifestyle Select Options, which replace the current Lifestyle Options range.

The Lifestyle Select Options retain the same product features as Lifestyle Options, while also offering the new facility to accept voluntary overpayments.

The Lifestyle Select Options allow repayment contributions of up to 10% of the initial loan amount each year. Customers won’t be obliged to make payments and any contributions they make will be free from early repayment charges, allowing customers to choose what suits them best.

Canada Life is also closing the Lifestyle Options to new business. Lifestyle Option KFIs will be available until 9am on Tuesday 10 August. Completed applications will be accepted until 5pm on Thursday 30 September.

If you have already submitted an application and would like to take advantage of the new voluntary overpayment feature, get in touch with Canada Life Applications team asking to switch the case to the new Lifestyle Select Options. They will let you know the next steps.

The voluntary overpayment feature is only available to new customers proceeding on the Lifestyle Select Options. It will not be available to existing Lifestyle Options customers.

Published: 10th August 2021

Canada Life rate decrease

Rate Change

From Tuesday 10 August, Canada Life will decrease the interest rates on:

  • Lifestyle Select Lite (Standard and Flexible) - new rates from 2.66%MER
  • Lifestyle Select Gold (Standard and Flexible) - new rates from 2.82%MER
  • Additional borrowing for the above products - new rates from 3.20%MER

Published: 10th August 2021

LV= important update

Process Update

LV= is migrating all existing customer lifetime mortgages across its Equity Release Portal, with some changes for your clients and additional borrowing process.

Published: 9th August 2021

Pure Classic rate reduction

Rate Change

From Friday 6 August, Pure Retirement is reducing interest rates on the Classic product range. New rates from 2.57%MER

Published: 6th August 2021

LV= Doctor Services

General Update

LV= has improved its Doctor Services that provide your clients and their families with expert medical support from day one of their lifetime mortgage.

  • Extended all six services to your clients’ spouse/partner
  • Unlimited consultations with a UK doctor via Remote GP available 24/7
  • Five in-app enhancements

If your client was registered for LV= Doctor Services prior to January 2021, they’ll be prompted to upgrade the app and complete a new medical profile in order to access the newly improved services. New users can continue to follow the usual process and simply register and download the app.
If your client has any app or registration queries, they can contact our partner Square Health at customerservice@squarehealth.com or 01753 440366.

For more info, visit the LV= site.

Published: 5th August 2021

L&G rate reduction

Rate Change

From Thursday 5 August 6pm, Legal & General is reducing interest rates on the majority of its products, apart from the Navy, Indigo and Violet variants, by up to 0.15%. For pipeline cases:

  • If you have not yet submitted an application you can generate a new KFI after 6pm on Thursday 5 August.
  • If you have submitted an application but have not yet received an Offer of Loan, and these new interest rates are lower, L&G will automatically offer on these new rates for acceptable cases.
  • If you’ve already received an offer and would like L&G to re-offer on these new rates, generate a new KFI for your client.

Published: 5th August 2021

Aviva rate change

Rate Change

From Thursday 5 August, Aviva is changing interest rates. Application based on previous interest rates will be ccepted until 11 August (Flex Tool version 19/7/2021) and 18 August (Flex Tool version 29/7/2021).

Published: 5th August 2021

Pure Retirement Sovereign rate reduction

Rate Change

From Thursday 5 August, Pure Retirement is decreasing interest rates on the Sovereign range, on A-B-C products. Products D,E,F remain unchanged. New rates from 2.61%MER.

Sovereign Elite range products are also reducing in line with the above, with new rates from 3.11%MER.

Published: 5th August 2021

Pure decrease rates on Classic range

Rate Change

From Friday 30 July, Pure Retirement are decreasing rates on their Classic range by up to 0.24%. All KFIs are valid for 21 days from the date they were produced.

Published: 30th July 2021

Just changes to rates and LTV’s

Rate Change

From Friday 30 July, Just are making some changes to their Just For You lifetime mortgage:

  • Increasing the LTV’s and making some interest rate changes to the J3 LTV series. Rates start from 4.10% MER
  • Introducing 3 additional cashback tiers to the J4 LTV series. Up to 5% Cash Back available
  • Decreasing the interest rates on the J5 LTV series - New rates from 5.60%
  • For any pipeline quotes, Just will need to receive applications before close of business on Friday 13 August. Any applications received after this date will be on the new interest rates.

Published: 30th July 2021

Canada Life rate decreases

Rate Change

With effect from 10am on Friday, 30 July, Canada Life are decreasing the interest rates on:

  • Lifestyle Lite (Standard and Flexible) - New rates from 2.70% MER
  • Lifestyle Gold (Standard and Flexible) - New rates from 2.86% MER
  • Additional borrowing for the above products

Published: 30th July 2021

Pure introduce new Heritage tier

Product Update

From Friday 30 July, Pure Retirement are introducing a new LTV tier to their Heritage range called Heritage Super Max.

  • This LTV tier will be available with Fixed/GILT ERCs and available on Freedom 20 and Freedom 40 (however not available for Heritage Renovate)
  • There is a maximum age cap of 85
  • The maximum loan size is £800k (as per Heritage Max Plus product)
  • All other Heritage product/underwriting criteria will apply
  • The starting interest rate is 4.31% MER for all ages

Published: 29th July 2021

Aviva rate change

Rate Change

From Thursday 29 July, Aviva is changing interest rates on both the Lifestyle Lump Sum Max and Lifestyle Flexible Option, on new business only. Applications based on previous interest rates (quoted since Monday 19 July) will be accepted until Wednesday 11 August.

Published: 28th July 2021

Pure Retirement Sovereign rate change

Rate Change

From Tuesday 27th July, Pure Retirement are decreasing rates on their Sovereign A-C products:

  • Sovereign 2.62%MER - 5.87%MER
  • Sovereign Elite 3.12%MER - 3.28%MER

Sovereign products D, E, F remain unchanged.

Note that the Sovereign Elite range products are also reducing in line with the above.

Published: 26th July 2021

Aviva webinars

Market Events

Topic: Can stronger house prices help equity release?

The webinars are will be hosted by Hansen Lu who will be taking a look at the impact of the housing market on equity release.

The events quality for CPD.

Published: 26th July 2021

Pure rate decrease

Rate Change

From Thursday 22 July, Pure Retirement is decreasing rates on Heritage products for clients aged 55-75:

  • Heritage Plus - new rates from 3.55%MER
  • Heritage Max - new rates from 3.73%MER

This reduction applies to all Heritage ranges: Fixed, Gilt ERCs, Freedom 20 and Freedom 40.

Published: 22nd July 2021

Pure rate decrease

Rate Change

From 12pm on Thursday 22 July, Pure Retirement are decreasing rates on their Classic range, 2.72% - 4.19%MER.

Published: 22nd July 2021

L&G rate decrease

Rate Change

From 6pm on Wednesday 21 July, L&G are reducing the rates on all of their lifetime mortgages by up to 0.13%.

Published: 21st July 2021

L&G product update

Product Update

L&G have introduced a NEW Later Life Mortgage portal and are inviting advisers to sign up to the new portal and gain access to these new features over the coming weeks. If you would like to sign up to be invited for priority access please click here:

Changes include an option for fixed ERC’s.

Year 1-5 Year 6-8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15
9% 8% 7% 6% 5% 4% 3% 2% 1%

The thresholds for large loans are also changing, meaning they will no longer be rebating the commission over the cap, to the client as cashback.

  • £700,000 - £1,199,999.99 = 0.04% rate reduction
  • £1,200,000 or above 0.09% rate reduction

The standard product variant (£0 Arrangement Fee) will also be removed for loans above £700,000 as it’s better value for money to have the lower rate with the £599 fee payable, this can be added to the advance.

Criteria changes

  • Reducing the minimum property value on houses and bungalows from £100K to £70K (with exception of violet scheme together with flats, ex council, ex housing association and ex MoD properties remain at £100K)
  • Reducing the minimum leasehold term plus age of youngest borrower to 175 years

If you would like more details or have any questions, please call the Advise Wise Mortgage Desk on 0333 050 8771.

Published: 21st July 2021

Canada Life KFI and letter enhancements

Process Update

From Wednesday 21 July, Canada Life are enhancing their initial advance KFIs and offer letters.

The most important changes are:

  • Expanding Section 5. Details on how interest is charged and compounded, and how it will increase over time. Also, more about the interest rates applied to additional borrowing.
  • Detailing more in Section 11. More information about some of the fees which are payable.
  • Including an introduction on our offer letters. The introduction clearly explains which documents are enclosed with the offer, how long the offer is valid for, and what your customer needs to do next.
  • Updating Special Conditions of the offer. Added more detail to some of their standard Special Conditions.

Visit the Canada Life KFI & application portal

Published: 21st July 2021

Pure Retirement introduces self-service-bookings for customer valuations

Process Update

From the 28 July Pure Retirement is introducing Self-Service-Bookings for customer valuations, available on Classic products through Countrywide surveyors. Your customers will be able to book their own valuation appointment, directly from their mobile.

5 steps to make the valuation process quicker:

  • Customer receives a text message with a link to Countrywide’s booking portal
  • Simply click the link, enter the property postcode and the estimated value of the property
  • Provide the house number, name, and telephone number of the person at the property on the valuation day
  • The customer chooses from the appointment slots available
  • The appointment is confirmed on screen, booked into the surveyor’s diary and a confirmation text is sent to the customer

View the Countrywide self-service-booking system

Published: 21st July 2021

Canada Life rate decrease

Rate Change

From Tuesday 20 July, Canada Life is decreasing interest rates on:

  • Lifestyle Lite (Standard and Flexible) - new rates from 2.78%MER
  • Lifestyle Gold (Standard and Flexible) - new rates from 2.94%MER
  • Lifestyle Gold Plus (Standard and Flexible) - new rates from 3.20%MER
  • Additional borrowing for the above products.

Published: 20th July 2021

Aviva rate change

Rate Change

From Monday 19 July, Aviva is changing interest rates on both the Lifestyle Lump Sum Max and Lifestyle Flexible Option, on new business only. Applications based on previous interest rates will be accepted until Sunday 1 August.

Published: 19th July 2021

Sovereign rate decrease

Rate Change

From Thursday 15 July, Pure Retirement is decreasing interest rates on Sovereign and Sovereign Elite product range, to Sovereign A-D products. Products E and F remain unchanged. New rates from 2.67%MER.

Published: 15th July 2021

Classic rate decrease

Rate Change

On Thursday 15 July, Pure Retirement is decreasing interest rates on the Classic range. New rates from 2.72%MER.

Published: 15th July 2021

Just rate change

Rate Change

From Thursday 8 July, Just is increasing interest rates on J1, J2 and J2.5 series and decreasing interest rates on J6 series. New rates from:

  • J1 - 3.59%MER
  • J2 - 3.71%MER
  • J2.5 - 3.80%MER
  • J6 - 4.66%MER

Published: 12th July 2021

Canada Life Future-Proof your Business workshops

Market Events

Canada Life is introducing a new series of workshops to support you and ensure best customer outcomes. The workshops are free to attend and are made up of:

  • Six distance learning videos, provided to you in advance of the workshop and available on-demand
  • A two-day long online training course, with Canada Life and Fortica Ltd

All workshops will be hosted online, and you can join on one of the following set of dates:

  • Tuesday 20 July (Day 1) and Wednesday 21 July (Day 2)
  • Tuesday 3 August (Day 1) and Thursday 5 August (Day 2)

Please note, you need to be available on both dates when you book your place, Canada Life is unable to accept delegates for just Day 1 or Day 2.

Register now

Published: 8th July 2021

Pure unplaceables webinar

Market Events

When: 14 July, 10-11am

Hosted by BDM Daniel Edmondson, joined by Peter Barton from Ashfords Solicitors and Jane Hanlon and Craig Faulkiner from Advise Wise.

Book your place

Published: 8th July 2021

Canada Life rate decrease

Rate Change

From Tuesday 6 July Canada Life is decreasing interest rates on Lifestyle Lite Standard & Flexible options, including additional borrowing. New rates from 2.87% MER.

Published: 6th July 2021

Pure Retirement Classic Drawdown product changes

Product Update

From Monday 5 July Pure Retirement is:

  • Increasing LTVs on the Classic Drawdown Flex products
  • Introducing a drawdown variant of the Classic Elite products. For the Elite products the min initial advance remains at £100,000 and the total amount of borrowing, including the drawdown facility, cannot exceed £2 million.

Published: 5th July 2021

Pure Classic rate decrease

Rate Change

From Thursday 1 July Pure Retirement decreased interest rates on the Classic product range by up to 6 bps MER.

Published: 1st July 2021

Archive

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