more 2 life adds drawdown option to its Capital Choice Plan; and more...

Written by Oliver Wade
01/10/2018

The UK’s third largest equity release lender, more 2 life, has today announced that it is adding a drawdown facility to its Capital Choice Plan, allowing customers to withdraw a minimum amount of £2,000 and a maximum drawdown amount of double the initial loan amount.

The new feature is available for all homeowners aged 55 and over.

GRIPs celebrate strong six-year track record

Royal London’s Governed Retirement Income Portfolios (GRIPs) are celebrating six years of strong performance with all five portfolios demonstrating a track record of delivering above benchmark returns.

The resilience of GRIPs can be shown in that someone who invested £100,000 in GRIP 3 in 2012 and withdrew £4,000 every year would have a balance of £125,354 today.

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