Wednesday 20 July 2011

Equity release leaves us cold but it is better than retirement poverty | Mail Online

Equity release leaves us cold but it is better than retirement poverty | Mail Online

" Figures from the Office for National Statistics show there are an estimated two million pensioners living below the breadline."

" This has fallen over the past decade, but the most recent estimates — using data from 2008 — would not have accounted for the way the elderly have seen their savings decimated by low interest rates and high inflation."

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