Funding Your Retirement Solely by Downsizing the Family Home: A Dangerous Game
"According to a recent survey from Barings, around three million people are planning to fund their retirement solely from the proceeds of 'downsizing' their family home."
The above is from an article by former Pensions Minister Steve Webb. Mr Webb was unique for a Pensions Minister in that:
- He generally knew his brief.
- He held the post for five years. Before his tenure "The Blair Brown Project" truly was a horror story: between 2001 to 2010 alone, there were eight (!) Secretaries of State for Work and Pensions.