Equity release plan for back up

Posted in Equity Release Property News

2nd September 2010

Workers at Boots could consider an equity release plan after the company announced that one of its two final salary pension schemes is to be dissolved.

The scheme, which has been closed to new entrants since 2002, will terminate once all of its existing liabilities have been transferred to an insurance company instead.

New workers at the company are now only given the option of a defined contribution scheme, which could leave them with very little income if markets perform poorly.

If you're on a defined contribution scheme or you're just worried about your income in retirement, then why not consider an equity release plan?

By unlocking the value that's built up in your home you could release both a cash lump sum and make sure that you have a solid income in retirement.

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