LV= Reports That Up To 1.2 Million Over-50s May Use Equity In Home To Supplement Pensions

LV= has revealed that ‘Home is Pension’ is a common mantra among the over-50s workforce in Britain as shown in a recent report published by the retirement specialist. Although 54% of the over-50s believe the value of their home has fallen over the last three years, an estimated 1.2 million ‘HIPpies’ (‘Home is Pension’) may use the equity in their home to help supplement their retirement income.

Only 19% of all over-50s still in work feel that they are financially on track to retire as planned, while the number of working over-50s that believe they may have to delay retirement for financial reasons has increased hugely, to 41% from just 28% this time last year. Homeowners over 50 estimate they have lost £60 billion in property value due to recent volatility in the housing market.

However, this has not put many off using the equity in their homes to help fund retirement, with nearly a quarter of working over-50s considering using some, or all of the equity in their home to fund their retirement. The ‘Home is Pension’ mantra is so valuable to over-50s, that 54% would suggest their children include investment in property as part of their retirement planning.

When working over-50s were questioned about the impact an interest rate rise would have, LV=’s research found that 40% would have to reduce their pension contributions just to meet the higher cost of paying debts. More than four in ten (44%) of all working over-50s and 34% of those aged 60-69 in work, have an outstanding mortgage debt on their home.

Vanessa Owen, LV= Head of Equity Release, said: “It seems to be increasingly commonplace for those approaching retirement to consider using the equity in their property as part of their overall retirement plan. Continuing doom and gloom over volatility in the housing market and seeing some properties fall in value, hasn’t deterred the UK’s “HIPpies” and many are still positive that the equity in their home is their best chance of having a more comfortable retirement.”

Via EPR Network
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Experian QAS Achieves Latest Oracle CRM On Demand Validated Integration

Experian QAS, a leading contact data management software and services provider has achieved Oracle Validated Integration with QAS for Oracle CRM On Demand 1.0 and Oracle CRM On Demand. Customers will benefit from Experian QAS’s data quality tools with the Oracle CRM On Demand solution, providing increased accuracy of customer intelligence, improved communications, and more informed decision-making.

Experian QAS’s existing Platinum partnership, through the Oracle PartnerNetwork programme, provides customers with added confidence that Experian QAS is one of the main and trusted contact data providers to Oracle and its customers. Experian QAS software and services can help improve address data quality, increase productivity, reduce waste and improve return on investment by ensuring accuracy and completeness of data.

Nik Haidar, Product and Marketing Director at Experian QAS commented: “This latest acknowledgment from Oracle is testament to our ability to deliver market-leading data management capabilities. Experian QAS for Oracle CRM On Demand software enables Oracle customers to benefit from accurate and enriched contact data to help increase campaign effectiveness, operational efficiency and business intelligence, and ultimately, generate more value from their Oracle CRM activities.”

Kevin O’Brien, Senior Director, ISV and SaaS Strategy, Oracle, commented: “Oracle Validated Integration applies a rigorous technical review and test process. Achieving Oracle Validated Integration through the Oracle PartnerNetwork gives customers confidence that the integrations between Experian QAS for Oracle CRM On Demand 1.0 and Oracle CRM On Demand have been validated and the products work together as designed. This can help reduce risk, improve system implementation cycles, and provide for smoother upgrades and simpler maintenance.”

Via EPR Network
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