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Around a third (30%) of home owners aged 55 and above with defined contribution pension savings are planning to release equity from their homes to increase the income they have for retirement, research from Canada Life has suggested.
Around a third of over-55s with a private pension are considering releasing equity from their main home to help fund their retirement, according to Canada Life. The financial services giant says its survey shows that 30% of this group nearing retirement are weighing up using their homes to provide cash once they stop
Interview Editor Lara Moamar speaks to St Mary’s College JCR social chairs and the International Students Association Vice-President about the uncertainty of the Durham wider student experience under Covid-19 restrictions.