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Sunday, June 19, 2011

How to fund retirement

This research was published by Standard Life back in April 2011. It shows how the over-55s plan to fund their retirement. Well how the 1.200 people in the survey said they plan to fund their retirement.

The two elements that interested me were that 24% thought they would use an inheritance and 10% stated they would use equity release.

On the basis that most older people have very little idea about their pension and how they will fund their retirement I wouldn't read too much into the figures.

The 10% figure for equity release is higher than I have seen before. Maybe it slowly dawning on older people that for many the only way they will fund the 70s and 80s will be by using their home. Dick Stroud

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