PPI report says housing wealth could play greater role in retirement

But the educational charity's report - commissioned by Prudential UK and Europe - warns not everyone has housing wealth and those who do don't always see it as a way to save for retirement. It argues that, 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 home in retirement can reduce living costs relative to paying rent (not having any housing wealth) by ar...