This blog gives you the latest topical news plus some informal comments on them from ShareSoc’s directors and other contributors. These are the personal comments of the authors and not necessarily the considered views of ShareSoc. The writers may hold shares in the companies mentioned. You can add your own comments on the blog posts, but note that ShareSoc reserves the right to remove or edit comments where they are inappropriate or defamatory.

8pm Tuesday, 7 August, the BBC Radio 4 documentary ‘The Equity Release Trap’.

Make a date in your diary for 8pm Tuesday, 7 August, for the BBC Radio 4 documentary ‘The Equity Release Trap’. The documentary investigates the claims of Professor Kevin Dowd, professor of finance and economics at the University of Durham, that the equity release sector has been seriously under-valuing embedded guarantees, and that the regulator, the Prudential Regulation Authority, has only made half-hearted attempts to address these under-valuations while permitting them anyway. The implications for some of the firms involved could be profound. Professor Dowd is interviewed in the programme, as is UKSA member Dr Dean Buckner, who worked as a valuation specialist at the PRA.

The UK Shareholders Association and ShareSoc will be issuing a press release to coincide with this programme.

Cliff Weight, Director, ShareSoc

Post Date: August 6, 2018

One comment

Cliff Weight says:

7th August 2018 at 3:14 pm

There has been a lot of press and media comment today that may be of interest – see the below links to some of them.
https://www.bbc.co.uk/news/business-44992836

https://www.ft.com/content/ee4a7466-9a12-11e8-9702-5946bae86e6d

https://www.thetimes.co.uk/article/equity-release-sector-is-in-deep-trouble-xn05c7v29

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Group description:	This group was set up as a forum to discuss companies in detail, each company is introduced by a member and discussion may last one or two hours. Membership is by invitation only.
Meeting Type/Venue:	The group meets at a venue in Waterloo, London.
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8pm Tuesday, 7 August, the BBC Radio 4 documentary ‘The Equity Release Trap’.

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