An expert has suggested that people should not get too excited that the recession in the UK may have ended.
This will add yet further dismay to today’s pensioners because as the recession continues, returns on pensioner savings and investments will likely remain low.
Michael Baxter, an economist at financial data collection company Defaqto, claimed that talk of green shoots may be a little premature.
"When the figures for Q3 come out I suspect you will find that we probably are out of recession but I think a lot of all this green shoots talk there is a possibility that it has been exaggerated," he said.
"I do think that maybe the exuberance has run away with us a little bit over the last few months."
Yesterday (September 3rd), the Organisation for Economic Co-operation and Development suggested that GDP forecasts for the UK would have to be revised downwards, even though those for Japan and the eurozone have been raised.
For pensioners who are concerned about the long-term implications of the economic recession on their finances, equity release could help create some stability.
By Tom Papworth 
