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Will Pensioners Look For Equity Release Advice After Move To CPI

23/08/2010

It has been claimed that the government’s decision to replace the retail price index (RPI) with the consumer price index (CPI) inflation to calculate pension increases could cut public sector worker’s pensions by £20,000.

CPI is historically lower than RPI and is forecast to be lower than RPI in the future says the trade union Prospect.

Prospect pension officer, Neil Walsh stated that the potential impact of this announcement is huge. The CPI measure of inflation is considerably less that the RPI index; future pension increases will be lower if this policy is implemented.

He said that over a long period of time this could leave public sector workers losing “many thousands of pounds” for their retirement.

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.

The Right Equity Release Limited which is authorised and regulated by the Financial Services Authority. Registered in England 07166676.
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