Pension confusion leads to equity release?

Posted in General

10th May 2010

More people could look into equity release schemes after the election threw up confusion over the future of pensions.

Although they don't currently have a majority, as the party with the most seats it is expected that the Conservatives will seek to form a government, but Nigel Waterson, the man who served as Shadow Pensions Minister, lost his seat in the election.

There are fears that the loss of Mr Waterson will mark a change in Tory pension policy and make equity release a greater necessity for homeowners.

This will be especially true if David Willetts takes the position, who accuses the babyboomer generation of robbing from their children in a recently-published book.

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