What is Equity

Steve Webb, Pensions Minister, revealed that, according to government estimates, almost half the people currently in their fifties will have to work past age 65, because they can not afford to retire.

By April 2020, 40% of those who were born between 6 April 1953 and 5 April 1960 will be forced to do more, when the state pension age rises to 66 It is believed that many people will be able to live on their savings from 65 onwards, which could mean working additional years until his retirement kicks in

, however, those who own their own home and the cash locked in it could benefit from, or both of which could be a more appealing option but to continue working.