- Business
- Childbirth & Education
- Legal Formalities
- Motoring
- Other
- Pensions & Benefits
- Property & Accommodation
- Taxes
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Join us for Tea on the Terrace
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
- Liva & Laia : 15th November
The aggregate funding position of almost 7,400 defined benefit pension schemes in the UK has worsened over the last month, according to new figures.
This could inspire a number of people nearing retirement age to consider a lifetime mortgage as a way of securing their retirement finances.
According to the latest Pension Protection Fund index update, taking into account the total assets and liabilities of the schemes left a deficit of £2.2 billion at the end of April 2010.
By way of contrast, the calculation produced a surplus of £0.3 billion at the end of the previous month.
Data from the index showed that the total deficit of schemes with more liabilities than assets now stands at £74.4 billion, an increase of £1.1 billion when compared to the previous report.
However, this time last year the figure stood at £204.8 billion.
UK Homeowners who are concerned about the deficit levels of the UK's pension schemes can ensure they have a regular income throughout retirement by utilising some of the value of their property assets through an equity release scheme.