It is also important to make access to wealth in the home mainstream, as the need to do so is almost certainly going to grow significantly in the next few years. Consumers will therefore need greater access to products that let them boost their retirement income as an alternative to downsizing.
The message is clear: more needs to be done to make consumers aware of the likelihood of a retirement income shortfall. We need equity in the home to be part of financial planning, and as the need to access this wealth becomes more pressing, we need to provide the support and solutions today that will help make retirement more comfortable.
Article continues after advert
David Dalton-Brown is director general of Tisa
Page 2 of 2
