In order to answer the question as to whether we will see prudential equity release plans again we need to consider why equity release plans emerged in the first place and what they have to offer. Equity release allows you to raise funds from the value of your property. You and your spouse or partner retain the right to live at the property until you pass away or move out.
Essentially what you are doing is selling your home and then moving out later. For the retired over 55 individual or couple this can be a wonderful way to raise funds when they are needed.
There are many reasons to choose equity release. The most obvious is that your retirement plan simply has not lasted as long as you thought or hoped it would. With the cost of living at an all time high this is very common.
But of course you could just want to make your retirement a bit more relaxed. Or perhaps you have always wanted to take an overseas trip and you have decided that this is the time.
Whatever scenario applies to you, you can see that the need for equity release plans is only going to increase. With this in mind is does seem likely that we will see equity release plans again.