Standard Life issues retirement warning

The pensions provider conducted an analysis of the UK housing and retirement markets, which revealed that the downsizing of the average home in the UK would provide only 16pc of people's retirement income. The findings also suggested that downsizing and achieving a surplus £150,000 of equity could provide an income of around £130 a week, while moving from a bungalow to a flat in the UK would release £25,000 of equity, sufficient to deliver a weekly income of £22. The largest equity gains are to be found by downsizing from a detached property to a flat in London and the South East, which...