Pine Hill developments are the answer to low-cost retired living
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Pension funds continue to deteriorate after December’s announcement that the deficits of the UK’s final salary pension schemes have reached £195 billion, up by 43 per cent from £136 billion in November.
The Pension Protection Fund (PPF) has attributed the losses to the recession and slump in share prices. Mass redundancies have also put huge pressure on the pension funds; the Woolworths pension scheme became one of the biggest calls on the PPF when the store chain was closed down, leaving the retailer’s pension scheme with a deficit of £147 million.
If you’re worried about falling pensions and the high cost of living, safeguarding your future by living in a residential development park could be an economical solution. Pine Hill developments in Cambridgeshire are exclusively for retired or semi-retired adults aged 50 and over.
The spacious, comfortable two or three bedroom homes are all fully furnished, have low running costs, are in the lowest council tax bracket and are exempt from stamp duty. Visit http://www.greenparkhomes.co.uk to find out more.
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