Just under one-quarter of the UK’s pension trustees "do not care" about their pension schemes, according to new research.
Those who are apathetic toward their schemes could be inspired to seek equity release advice to see how their home could provide them with a tax-free cash lump sum to boost their retirement spending.
Recently-published figures from Standard Life have shown that more people "care" about their car than their pensions.
The research showed that 54 per cent of those asked said they care about their vehicle, while just 46 per cent admitted they have a keen interest in their pension.
Mark Polson, head of customer management at Standard Life, said: "Our car and the jewellery we have at home are some of the most important assets we possess.
"However, these assets are often less valuable than those that aim to secure our financial future. By taking an active interest in your finances … your money can work harder for your future. It’s time to reality check our attitudes to saving."
By using the equity release calculator provided by Key Retirement Solutions homeowners can see how the value of their property could provide them with an additional income to boost their retirement finances.
Posted by Alison Stephenson 
