The number of pensions savers relying on the value of their home to fund their retirement has plummeted in light of falling property prices, according to research commissioned by Barings.
The findings show that 2.3m people - 5pc of the UK adult population - have reviewed their pension arrangements in the past year as a result of a declining property prices, with just 878,000 people planning to use property to fund all of their retirement, compared with 3.2m in April last year, according to an online survey by YouGov. 7.5m Brits (16pc) intend to use property to fund all or part of their retirement, compared with 13.2m (28pc) last year. However, also emerging from the survey is the statistic that 12.2m UK adults - 35pc of the non-retired, working age population - are not ...
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