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equity release rise in popularity as political parties ‘miss the point' on pensions?

Thu 29th Apr 2010

The three main political parties have "missed the point" with regard to pension policies in the build up to the forthcoming general election, according to a new study.

This could lead a number of people at or approaching retirement age to consider an equity release plan, such as a lifetime mortgage, as a way of boosting their income in later life.

A recently-released report by investment specialist Brewin Dolphin revealed that 70 per cent of UK citizens feel that the Labour, Conservative and Liberal Democrat parties have all neglected to fully explain their pension policies ahead of the May 6th election.

Charlotte Black, the organisation's head of corporate affairs, said: "The main parties' manifestos have not satisfied the public's need to know how they propose to tackle Britain's pension ‘time-bomb' and further clarification is obviously required.

"We want to see the right policy measures introduced to restore individuals' faith in saving for retirement and we want the next government to stick to the policy throughout the next parliament."

Expats with property in the UK who are concerned about the lack of pension policy information coming from the leading parties can see how much cash the value of their property could generate by getting the appropriate advise.

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