NAPF wants to see better pension plans

Posted in General

28th April 2010

The main parties' pension plans could end up being "very damaging" for older people, warns the National Association of Pension Funds (NAPF).

Many of those who feel the pinch once a new government is elected on May 6th might want to consider an equity release scheme to give them extra financial help.

With a home reversion scheme or a lifetime drawdown mortgage, homeowners can extract some of the value of their house whilst still living there.

Whilst equity release is an option now, the NAPF would like to see further financial aid from the government. They believe that there should be a Foundation Pension worth £8,000 a year and people should be encouraged to save for their old age.

The views expressed in these videos are those of ReelContent alone. They may not represent the views or opinions of Age Partnership or its staff. RealContent acts in a journalistic capacity and is not authorised to give advice under the Financial Services and Markets Act 2000. The information contained in this video is intended for information and interest only, and not to either provide advice to, or to address the particular requirements of any individual.