Clegg's policy to take money from pensions to pay for mortgages is madness

Housing is unaffordable today not because buyers are unable to secure yet more credit against the value of their house but because supply is constrained. Not long ago, the average house would have changed hands for three-to-four times average earnings; today, the vast majority of buyers have to pay five-to-seven times average earnings. If you pump more finance into a supply-constrained system, there can be only one result - yet higher prices.

Read the full blog post here

Source: http://www.iea.org.uk/blog/cleggs-policy-to-take-money-from-pensions-to-pay-for-mortgages-is-madness

stakeholder pensions uk retirement drawdown state pension forecast uk state pension