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Will The EU Pension Approach Encourage Equity Release
27/08/2010
It has been suggested that European Union plans to adopt a one-size-fits-all approach to pension systems will be particularly harmful to Britain’s final salary schemes,
The Confederation of British Industry has voiced its concerns about some of the proposals in the European Commission’s Green Paper on pensions.
The organisation’s deputy director-general, John Cridland, stated that The UK already has a well-regulated system; applying a one-size fits all approach to Britain would be a mistake. Many UK pension schemes are linked to final salary that is index-linked, which means that they will rise with inflation.
Homeowners aged over 55 years who would like to know how much money the value of their property could release to help them with their retirement, can find out by contacting therightequityrelease.co.uk for equity release advice.
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