The article mentions that Equity Release is available from the age of 55, which indeed it is. While everybodys circumstances will be different, using Equity Release as your first step in obtaining a retirement income or releasing the value of your property at what is still a comparatively young age may not be a wise move.
Of course equity release means that the full value of your property will not pass to your family when you die, however in an example of somebody releasing a lump sum from their property at age 55 and living to say 85, then the interest compounded over 30 years could be as much again that the original sum taken.
For this reason the lump sum available to a customer at age 55 will be a lot less than would be available to them if they were aged 70.
Finally it would be hoped that the value of your home may increase as you get older. If this were the case then you could not only release a significantly bigger sum than you would have been able to at age 55, but the impact of compound interest could be less, possibly meaning that more of the value of your property passes to your estate.