Nearly five million homeowners say they will sell or rent their main property, as annuity rates slump to new low
Record numbers of people are planning to sell their main home to fund their retirement, according to research published on Tuesday, which comes amid claims that pensioners will have to live to 90 to make annuities "good value".
The research, by Baring Asset Management, found that 13% of people (nearly 5 million) say they are planning to rent or sell property to fund their retirement, up from 11% last year.
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