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Is The UK Pension System Likely To Lead To A Rise In The Take Up Of Equity Release
10/06/2010
It has been claimed that the UK’s pension system is in need of change but only after the government has conducted a full review.
The Investment Management Association (IMA) has called for a "fundamental and holistic" review of the pensions system, while Chancellor George Osborne prepares to deliver his first Budget on June 22nd.
The chief executive of the IMA, Richard Saunders, said: "Savings and pensions are firmly on the government agenda going forward. However we badly need a system which provides simplicity and clarity for savers and which targets incentives effectively. Piecemeal further tinkering will not achieve this."
This could encourage homeowners, who are worried about the state of the country’s pensions, to look to see how releasing money from their property might increase their income.
Homeowners aged over 55 years who would like to know how much money the value of their property could generate can find out by contacting therightequityrelease.co.uk for equity release advice.
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