Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Expats coud be affected as CBI warns of pensions crisis

Mon 20th Sep 2010

The UK faces the danger of a pensions crisis if 2012 reforms are delayed, according to one industry body.

This could inspire a number of expats aged over 55 years and reliant on a pension from the UK to seek equity release advice to see how the value of their home could boost their retirement finances.

A new report by the Confederation of British Industry (CBI) has claimed that auto-enrolment must be "simpler and more flexible" if planned changes are to work.

Katja Hall, CBI director of employment policy, said: "With an ageing population, more people need to save for their old age or the taxpayer will end up footing the bill.

"Automatically enrolling people into pension schemes is the right thing to do, but the reforms must cover all employers and be easy to implement."

Expats over 55 years who still retain a property in the UK and who are curious about how the value of their property could provide them with a tax-free cash lump sum should seek appropriate professional advice.

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs