Building income that is as safe as houses

retirement

When pension funds are allowed to invest in residential property, opportunities will arise for individual investors but there will also be considerable potential for mis-selling

The changes proposed in the Finance Bill will allow pension funds to invest in residential property from 2006. The potential impact of this major change to the UK pensions and property markets, and the wider implications for the UK economy as a whole, need considering. Personal wealth in the UK is largely founded on residential property and occupational pensions. In recent years, we have seen a decline in pension fund values, the closures of many defined benefit (DB) schemes to new members and thousands of new group stakeholder schemes set up with no members. There has been a substantial r...