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Might Equity Release Ease Pension Worries
02/09/2010
New figures have revealed that the UK’s pension deficit increased to more than £20 billion last month.
The aggregate balance of all 6,653 schemes in its index had a deficit of £21.8 billion at the end of June, according to recently-released data from the Pension Protection Fund. In total 4,420 schemes were in deficit, while just 2,223 reported a surplus.
The report showed the total assets were £901.5 billion and cumulative liabilities stood at £923.3 billion.
This signified an increase on the £11.7 billion figure recorded at the end of the previous month.
Homeowners aged over 55 years who are concerned about their future pensions and would like to know how much money the value of their property could release to help them through their retirement, can find out by contacting therightequityrelease.co.uk for equity release advice.
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