Majority unhappy with pension pledges

Posted in General

27th April 2010

Nearly three quarters (70 per cent) of Britons agree that none of the political parties have done enough to explain their policies on pensions.

Uncertainty over pensions could lead to a greater uptake in equity release schemes as a means for providing greater income during retirement.

The survey by ComRes also shows that nearly two thirds (62 per cent) want the next government to use the tax system to encourage people to invest in private pensions.

However, with a hung parliament looking more likely by the day, homeowners may need to take matters into their own hands by looking into equity release.

SHIP, the sector's trade body, indicates that drawdown lifetime mortgages are the most popular form of equity release, accounting for over half (55 per cent) of the market.

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