Housing minister: Don't rely on property to fund retirement

Katrina Lloyd
clock

Britain's property boom could be over for good and homeowners should no longer rely on their houses to fund retirement, housing minister Grant Shapps has warned.

He said ministers were hoping to engineer an era of ‘house price stability' in which property values would gradually be eroded by rising earnings, the Daily Mail reports. Shapps suggested in a ‘...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Industry may have 'glimmer of hope' to reduce gender and ethnicity pension gaps

Industry may have 'glimmer of hope' to reduce gender and ethnicity pension gaps

Research finds women from ethnic minorities likely to face ‘particularly acute’ disparity in pensions wealth

Martin Richmond
clock 28 January 2026 • 4 min read
VLK appointed as fiduciary manager for two Holcim Group schemes

VLK appointed as fiduciary manager for two Holcim Group schemes

VLK will deliver a bespoke FM service working with the trustees

Holly Roach
clock 28 January 2026 • 2 min read
Annuity rates rose to 7.51% by end of 2025, Standard Life finds

Annuity rates rose to 7.51% by end of 2025, Standard Life finds

Firm says the rise is worth an extra £7,000 to £9,000 in lifetime income for a 65-year-old

Holly Roach
clock 28 January 2026 • 2 min read
Trustpilot