Property to fund retirement for 1.8 million

The joint report from Prudential and Datamonitor, suggests property is now seen as more important than savings and investments in retirement planning, with 12.9 million people expecting to use property to fund at least part of their retirement. According to Prudential, a retirement gap exists in the UK, as over a third of people think between £12,000 and £25,000 a year is sufficient fro a comfortable retirement. But at current annuity rates, an income of £17,000 would require a pension fund of around £250,000, or even £350,000 to ensure it rises in line with inflation, which is in stark...