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Walking Blindly into Retirement Poverty
04/06/2010
New research claiming European workers are “walking blindly into retirement poverty” may encourage British homeowners to opt for an equity release scheme to increase their retirement income.
Equity release plans such as lifetime mortgages can provide homeowners with a lump sum or a regular income by releasing money that may be tied up in their home.
Aon Consulting has recently published a report that has revealed European governments and employers are failing to educate people about the long-term value of pensions.
The firm’s head of retirement in Europe, the Middle East and Africa, Oliver Rowlands, stated the need for individuals to start taking responsibility for their financial future. With Governments and employers across Europe looking at ways to reduce their pension obligations, it is important that people start to plan their own retirement funding or else they could end up walking into poverty.Homeowners aged over 55 years who would like to know how much money the value of their property could release can find out by using the equity release calculator provided by therightequityrelease.co.uk
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