Would a sustainable pensions system and equity release boost finances for UK retirees?

06 May 2010

A group of pensions experts has called on the next government to create a steering group charged with setting out terms for a permanent Pensions Commission.

The experts said this could lead to a sustainable long-term pensions system.

Alongside the use of equity release plans such as lifetime mortgages, this could lead to a boost in the spending power of the UK's retired population.

Kevin LeGrand, a member of industry publication Professional Pensions' own pensions commission, told the news provider: "A new government must establish its credentials as a government that is going to take pensions seriously and produce policies that are going to re-establish confidence to get people back involved in the system."

The comments come as voters head to the polling stations to decide the outcome of the general election, with a result expected to be announced in the early hours of tomorrow morning (May 7th).

People who are concerned about the current state of the UK's pensions system can find out how much cash they could generate through the value of their home by contacting Key for equity release advice.