Lending Into Retirement

The BSA's interim report, Lending into Retirement has been published.

The UK already has 11.6 million people over the age of 65.  By 2034 it is estimated that around a quarter of the population will be 65 plus.  At the same time a potent mix of other factors: from house prices to student debt; the divorce rate to the abolition of the default retirement age, mean that consumers are tending to buy later and go for longer repayment terms.

The BSA has listed a set of recommendations to address the change in demographics in a new report.

You can take a look at it here.

The press release can be found here.