Nationwide has warned the government to act "urgently" as people living in the UK are "ignoring" the need for a more formal retirement savings facility.
A monthly consumer confidence report released by Nationwide suggests 4-in-10 people in the UK fear that they will not have sufficient income in retirement. Just over a quarter (28%) of these people would consider releasing equity in their home to boost their retirement income. Some 36% would consider investing in property such as buy-to-let, or a property to develop in order to fund their retirement. However, to date just 8% have done either, the report says. Women are worst hit, accounting for 68% of all those who fear they will not have enough for retirement, Nationwide says. A...
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