Rise in people planning to sell property to fund retirement

The research found that 5% of non-retired people, or around two million, admitted they were planning on selling their primary residence to fund their retirement. In total, 13% of people, nearly five million, said they were planning to rent or sell property to fund their retirement, up from 11% last year and the highest figure since 2009, Baring said. The survey, which was conducted by ICM research on behalf of Baring questioned 1581 non-retired GB adults in the beginning of July. It found that the economic climate was particularly influencial on people's retirement plans and that t...