Will savers seek equity release advice after MPs ‘flagrant disregard’ for savings?

The three major UK political parties have wasted a "golden opportunity" to set out a "clear, concise and comprehensive" savings policy with their recently-released manifestos, according to one campaign group.

This could lead a number of retired expats in Spain to turn to products such as lifetime mortgages in a bid to ensure a comfortable income.

Reverend Dr John Strain from campaign organisation Save our Savers, said despite accounting for years of work, the manifestos of the Labour, Conservative and Liberal Democrat parties show a "flagrant disregard" for the plight of the UK’s 24 million savers.

"The task, of course, is to ensure that the next government of our country realises the crucial role savings will play in securing our economic recovery. The culture of unchecked debt and irresponsibly cheap credit has to end," he said.

"There were some nods in the right direction for savers by the main three parties in their manifesto and it is important we recognise these."

Expats in Spain that still own a property in the UK and are concerned about their retirement finances could receive a welcome financial boost using money from their property assets with an equity release plan.