ECH Property Solutions loan
Driven by increasing life expectancy rates and record low interest rates, levels of income provided by annuities have plunged over the past couple of decades. Back in the 1990s a 65 year old man with a pension fund of £100,000 could quite easily secure an income of c.£15,000 a year until death via a life annuity. However in 2016 an equally large pension pot is unlikely to pay our retiree more than £5,000 per annum. Could crowdfunding be the answer?