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Equity Release to Help with Annuity Concerns
15/11/2010
It has been claimed that the middle classes could end up subsiding high earners as a result of the government annuity plans.
Dr Ros Altmann, a pension’s expert, has claimed that the government's annuity plans have a number of problems.
She said: "I have asked the Treasury to think again about the fairness of its proposals, which benefit the wealthiest enormously but at the potential expense of the middle classes. There is a risk that these proposals will worsen annuity rates, which are set to deteriorate further anyway.”
Homeowners aged over 55 years who are concerned about annuities and would like to know how much money the value of their property could release to increase their retirement income, can find out by contacting therightequityrelease.co.uk for equity release advice.
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