Pension News
Equity release 'could help finance retirement'
Despite next week's increase in the state pension, equity release body Safe Home Income Plans (Ship) says pensioners will still face financial difficulties as the recession continues to deepen.
The UK state pension increases to £7.25 per week for couples and £4.55 per week for single pensioners from April 6th.
Andrea Rozario, director general of Ship, welcomes the rising state pension but says people saving for retirement could dramatically increase their income with equity release.
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Apr 2 2009
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