The pensions industry must have a cautious approach regarding prospective proposals which would allow savers to use their pension pots for a first-time home purchase, a report from Nest Insight says.
The report from the research arm of the government-backed master trust – Using pension savings to support home ownership – collated a range of data which aimed to inform the debate as to whether savers could use some of their pension savings to put towards a first-home purchase through a "pension access scheme". The research included a YouGov survey of 4,200 people, impact modelling for a range of potential home-buyer scenarios, analysis of the Office of National Statistics' Wealth and Assets Survey to understand potential reach, interviews with 16 experts from the pensions and housing i...
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