The Liberal Democrats want to unlock ‘wealth' from parents' and grandparents' pension pots to help the younger generation get on the property ladder. Jenna Towler asks: can it work?
Nick Clegg’s idea that pension savings should be used as a form of guarantee to help young people get on the housing ladder is ‘half baked’, Saga’s Ros Altmann has said. The deputy prime minster announced on Sunday the party wants to draw up plans so grandparents and parents can help “grandchildren and children buy a property of their own”. Guarantee Clegg told BBC One’s Andrew Marr Show the government was working on various ways it can release money from the wealthy elderly to help younger people get on the property ladder. Ahead of an announcement at the Liberal Democrat party co...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
