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Will Expats turn to equity release as CBI warns against EU pension approach?

Mon 12th Jul 2010

EU plans to adopt a "one-size-fits-all" approach to pension systems will be "particularly harmful" to Britain's final salary schemes, it has been suggested.

This could inspire a number of British homeowners to seek equity release advice in order to see how the value of their home could provide them with a tax-free cash lump sum.

Responding to the European Commission's Green Paper on pensions, the Confederation of British Industry has voiced its concerns about some of its proposals.

John Cridland, the organisation's deputy director-general, said: "Britain already has a well-regulated system thanks to the Pensions Regulator. Applying a "one-size-fits-all" approach to the EU's pension schemes would be a mistake.

"Unlike those in many other countries, the UK's final salary schemes are index-linked and rise in line with inflation."

Expats aged over 55 years who still own a property in the UK, and are curious about how the value of their property could boost their retirement income can find out by taking advice from an experienced scheme provider.

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