Most over-45s expect to retire with £500k in assets

According to equity release provider Partnership, 89% of over-45s said their property will be worth less than 50% of the total assets they hold. Given that the average property is worth £245,495, this suggests that they expect to be worth a minimum of £490,990 when they retire. People in the south west (15%) were most realistic about the prospect of their home making up more than half of their assets, while those in the north (3%) were less so. The research also suggested that, with the typical pension pot being worth £32,300, people have underestimated the proportion of their net ...