“We’re reasonably ahead of planned targets,” said Ground in reference to the brand’s funding of the new equity release range. “But we’re in a closed period, so I can’t reveal them right now.”
The business has seen a trend of larger mortgages coming through as people increasingly use equity release in their retirement planning.
Last year, activity climbed 24 per cent year-on-year to £4.8bn, according to the Equity Release Council - of which the Standard Life brand is now a part.
The market, having struggled to grow beyond £4bn in previous years, has finally returned to growth, according to the council.
ruby.hinchliffe@ft.com
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