Lending Into Retirement

An interim report by the BSA

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.