28
Aug
People should have "a balance" of investments to fund retirement
Homeowners should look at investing in a range of products to fund
their retirement rather than relying solely on their property,
according to one property expert.
Paul Goodwin, head of pensions marketing at Aviva, the largest
insurance services provider in the UK, said that it is "wise" to
have a balance of investments because banking on a single asset can
result in problems if it falls in value.
His comments follow the publication of research from Lincoln
Financial Group, which showed that 48 per cent of pension holders
claim to rarely review their pension once money is invested.
"As long as you are relying on one particular asset you have issues
around the value of that asset, as some people have noticed with
property values falling," stated Mr Goodwin.
He added that there is also a liquidity issue in that while people
might want to retire at a particular point in time, it can be
difficult if they are then unable to sell their property.
