Home value 'could bridge pensions gap'

It forecasts that by 2036, there will be 20.8 million people over the age of 60, comprising almost one third (29pc) of the population, compared with just one fifth (21pc) today. And, given the rising age dependency ratio, the increase in the retirement age, the abolition of final salary schemes and the underestimated longevity by the pensions industry, many of those planning for retirement would appear to be facing financial difficulty. However, with 80pc of the over 60s being homeowners, and after deducting for any remaining mortgage debt, the average equity for a homeowner over the a...