Property Not A Pension
Published / Last Updated on 30/08/2008
Property Not A Pension
Friends Provident says, people must stop relying on property assets to fund their retirement. The life and pensions firms said depending on the resale value of your home was becoming increasingly dangerous. It said its research, conducted before the beginning of the global turndown, showed 33 per cent of people were depending on property or equity to fund their retirement and it calculated average homeowners could be left with a negative equity of £89,850 should house prices fall to the level of the 1992 property slump.
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