Plans in ruins as pensioner property values plummet

Sarah Coles

As a nation we're dogmatic when it comes to saving for retirement. We don't trust pensions so we're not going to plough money into them when we have a gut feeling they are a 'bad thing'. However, we do like property - the value of our home went through the roof for decades and it's going to keep us warm in our retirement. So often we hear people state simply 'my property is my pension.'

However, new figures reveal just how dangerous this approach is.