Over-55s rush to withdraw cash after Bank of England warning

NewsCost Of LivingYour MoneyData shows total lending increased10:00, 06 Aug 2026Over-55s are turning to property wealth to fund their retirement - as average withdrawals hit £113,000. The equity release market returned to growth during the second quarter of 2026, according to the latest report from the Equity Release C

Labour pension law changes coming April 2027 will bring unused defined contribution pension pots into the scope of inheritance tax for the first time, prompting thousands of savers to rethink plans