Guaranteed Rental | Nick Clegg's plan to use pensions for house deposits has shaky foundations
http://bit.ly/P2UKJE
Rather than raiding older people's pension pots, why not try incentives to help young people save for a deposit? 'Young people would benefit more from saving to buy a house than from locking their money into a pension which can’t be touched for decades. As we are about to start auto-enrolment... - Source Nick Clegg's plan to allow pension savers to use their funds as a house deposit for a younger relative have fallen flat with industry experts. The deputy prime minister said the government was looking at ways to allow parents and grandparents to help struggling first-time buyers by using a lump sum... - Source Tim Moore, senior economist at Markit, said: "September's survey suggests that the gradual easing of pressure on real incomes so far in 2012 continues to support household finances … A summer of relative calm on the household finance front has brought with it an improvement in expectations for the year end"".... - Source
http://bit.ly/P2UKJE
Rather than raiding older people's pension pots, why not try incentives to help young people save for a deposit? 'Young people would benefit more from saving to buy a house than from locking their money into a pension which can’t be touched for decades. As we are about to start auto-enrolment... - Source Nick Clegg's plan to allow pension savers to use their funds as a house deposit for a younger relative have fallen flat with industry experts. The deputy prime minister said the government was looking at ways to allow parents and grandparents to help struggling first-time buyers by using a lump sum... - Source Tim Moore, senior economist at Markit, said: "September's survey suggests that the gradual easing of pressure on real incomes so far in 2012 continues to support household finances … A summer of relative calm on the household finance front has brought with it an improvement in expectations for the year end"".... - Source
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