Housing wealth could play greater role in retirement - PPI

The educational charity's report - commissioned by Prudential UK and Europe - showed housing wealth could play a greater role in supporting retirement in the future, but warned not everyone has housing wealth and those who do have housing wealth do not always view it as a way to save for retirement. It said, for most people, housing wealth would be a complement to saving in a private or occupational pension, not a substitute. PPI director Niki Cleal says: "The main way that home ownership supports retirement for many people is to reduce living costs in retirement. "Owning your own ...