Advisers must grab babyboomer opportunity - AXA

A survey conducted by AXA Wealth polling 2,000 babyboomers (those aged between 45-65) suggests nearly half will rely on some form of property income to fund retirement. A quarter expect part of their retirement income to come from downsizing property, one in ten intend to free up cash from equity release and 10% will look to use rental or other income from a second home. However, AXA Wealth managing director of wealth investments and distribution David Thompson warns using property as an asset class to fund retirement is a risky undertaking and this creates an opportunity for advisers...