Equity in the home doesn't buy a pension

A report published by the Pensions Policy Institute (PPI) entitled Property or Pensions suggests people will have to save other assets too in order to secure a decent income at retirement. The PPI says while more wealth is now held in housing than in private pensions, not all of this housing wealth can be transferred into income as equity release products generally allow only 20% of the house value to be achieved at age 65. It adds housing wealth is not evenly distributed, with most houses worth less than £130,000, while only 10% of homes are worth more than £330,000. This is the amou...