Property could help solve pension problems
Brits who invest in their property by building a bespoke lean-to conservatory or other home improvement could be safeguarding their future.
An industry expert has suggested that allocating bricks and mortar to a pension fund makes sense and that this is true whether it as done as an investment tool or as a form of back-up asset.
Pensions and investments authority Dr Ros Altmann explained that the Pensions Regulator "welcomes the use of contingent assets as an alternative to putting cash into the pension scheme".
Her comments followed a recent statement from Sainsbury's that it is to invest in property portfolios in a bid to help close the gap in its private pension fund.
Dr Altmann admitted that the deficit in private funds is a "huge problem and one that nobody has a good answer to".
Owning real estate can often be seen as a good way of avoiding diverting money away from the private enterprise and may be a solution to the problem, although the expert said that firms like Sainsbury's also had to make sure they did not put themselves in jeopardy.
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