Retirees see homes grow £45bn in value: Key

Data from Key shows that over-65s who own their own homes saw the value of their properties rise by £45.7bn in the year to May, bringing the total to £1.1tn.

For the average retired homeowner this equated to prospective gains of £812 per month.

Those living in the East Midlands topped the table, with the average yearly change in value of equity coming in at plus £14,003. The West Midlands followed this at £12,029, and then Scotland, at £11,865.

The firm has been collating this data since 2010, in which time it has recorded growth of £320bn – 41 per cent.

Key chief product officer Dean Mirfin says: “Whatever the short-term changes in house prices, many over-65s have considerable property wealth which can make a huge contribution not only to their standard of living in retirement but also the financial wellbeing of family members.”


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New tenant fees bill one step closer to becoming law

The much-debated tenant fees bill passed through its third reading at the House of Commons yesterday afternoon, increasing the likelihood that charging tenants fees will soon be banned alongside other regulatory changes. All that remains is for the bill to be debated in the House of Lords, after which it will become an Act (law). […]

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Survey looks at the challenges facing businesses post auto-enrolment

A survey conducted by Johnson Fleming at the Pension & Benefits Show 2014 highlighted the key challenges faced within organisations post auto-enrolment. The results showed that communicating the changes and the value of them to staff, and receiving timely data from the payroll provider proved to still be the most challenging aspects of managing an auto-enrolment scheme.


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