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Will Expert Comments Lead Britons To Seek Equity Release Advice
30/08/2010
A report by the Public Sector Pensions Commission claims that contributions may need to rise sharply if benefits remain unchanged.
One expert says it is impossible to tell if the UK can afford the costs of public sector pensions.
Pensions analyst, Laith Khalaf, at investment service provider Hargreaves Lansdown, said: “It is easy to sustain the promises to people when you are saying ‘Yes, this time I will pay your pension that is fine’. The problem is, when it comes round to payment time do you have the money to fund it?”
Homeowners aged over 55 years who are concerned about the future of public sector 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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