The advice given to older people who want to release money from their home is woefully inadequate, according to an investigation by Which?, the consumer watchdog. It looked at 22 advisers, including some at the biggest providers of equity release – Aviva, LV= and Just Retirement – as well as debt charity the Consumer Credit Counselling Service and independent advisers. Under best practice rules, advisers should go through a full questionnaire about a consumer’s assets and outgoings, explain fully how deals work and raise alternatives such as moving to a cheaper home...Read more here--: Pensioners failed by equity release advice, consumer watchdog warns | This is Money