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Might Equity Increase Pension Income
02/11/2010
Figures were recently published by Investment Life & Pensions Moneyfacts showing that pensions have hit an all-time low. Women aged 65 years can expect to receive £605 each year from a £10,000 pension. This is 5.6% lower than a year ago.
The editor of Investment Life & Pensions Moneyfacts, Richard Eagling, explained that this has been caused by the recent spate of annuity re-prices over the summer months, leaving rates at the lowest rate recorded.
Homeowners aged over 55 years who are concerned about their pension 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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