• HOME
• ALL OFFERS
• NEWS
• BRAIN GYM
• UNDER 40?
• HOW IT WORKS
• ABOUT US

EDITOR'S PICKS

• Brochures
• Charities
• Fashion
• Finance
• Fun and Leisure
• Health & Beauty
• Holidays & Travel
• Home & Garden
• Savings
• Surveys
• Telecoms
• Utilities

NEWS

Pensions deficits 'the result of increased life expectancy'

Solar panels 'mean homeowners have everything to gain'

The Cayman Islands 'are more than just a tax haven'

Are credit cards worth it?

Are you willing to give up high heels for your health?

Home  »News  »Property News

Equity release 'to play greater role in retirement funding'

15/09/2009

Accessing housing wealth through schemes such as equity release is to play a greater role in funding retirement in the future, according to the Pensions Policy Institute (PPI). A report by the firm, commissioned by Prudential UK and Europe, found that housing wealth could play a greater role in supporting retirement in the future, but said that for most people this would be a complement to a pension and not a substitute. PPI director Niki Cleal said that if current trends continue, the number of households where the head is aged over state pension age with higher value housing wealth that could be used to release equity could increase by a third, to 5.2 million households by 2030. Prudential director of lifetime mortgages Keith Haggart added: "At retirement people spend more money on leisure and require a higher level of income. "This [latest] report shows that the real benefit of equity release is it allows customers to supplement their retirement income to match their individual needs." It was recently claimed by Key Retirement Solutions equity release plan can also help pensioners to repay some of their debts and reduce their monthly outgoings. Get a free equity release guide and find out how you can get some additional income

Related Property News

• 12/07/2010  More home insurance claims in summer, parents warned
• 05/07/2010  Craig Phillips: Beware of asbestos when doing home improvements
• 10/06/2010  Govt attempting to stop garden grabbing
• 01/06/2010  Women 'embracing DIY'
• 10/05/2010  Frost threatens to cut short spring garden
• 29/04/2010  No great movement in housing market, says Council of Mortgage Lenders
• 21/04/2010  Home improvement offers 'energy efficiency'
• 30/12/2009  VAT freeze at major high street retailers
• 29/12/2009  Gardening offers hope to war zone victims
• 29/12/2009  Homeowners seeking advice on equity release
• 04/12/2009  Birds 'changed' by garden feeders
• 16/10/2009  Gardeners urged to grow more fruit
• 15/10/2009  Equity release 'will become mainstream' in future
• 14/10/2009  Over-60s using equity release to pay down debts
• 23/09/2009  Government urged to produce equity release guide
• 21/09/2009  Equity release schemes 'have many safeguards'
• 10/09/2009  Equity release customers 'fall into three types'
• 08/09/2009  Equity release 'can help pensioners repay debts'
• 01/09/2009  Many missing out on home improvement grants
• 27/08/2009  House prices up 1.6% in August
• 27/08/2009  Pensioners own £654bn in property equity
• 26/08/2009  Over-50s welcoming back adult children
• 12/08/2009  Wet weather boosts home improvements