Your house instead of a pension: The biggest risk of your life?

Today retirement is the “playground of the future”, says IFA Alec Ruthven, director of A M Ruthven & Associates, and is more likely to include four holidays a year and a sports car. With pensions in crisis, many are struggling to afford their lifestyle in retirement. As a result, one in 10 people are releasing equity from their family home to supplement their pension, according to In Retirement Services, an equity release provider. However, this week the provider warned against relying on property instead of a pension to fund retirement. But can the rewards outweigh the risks? Negative...