Pensioners borrowing against their homes – PN Govt currently improving pensions –

Pensioners borrowing against their homes – PN Govt currently improving pensions –

first_imgThe Nationalist Party have said that a scheme introduced by the government to allow pensioners to borrow money against the value of their home, puts more pressure on pensioners those who inherit.The PN’s spokespeople, Mario de Marco and Claudio Grech state that the scheme does not fix the inadequacies in the existing pension scheme.They state that pensioners were in a position where they needed to borrow money simply to buy food and medicine and this was the result of government action. Added to this is the knowledge that one in five pensioners live in or were at risk of poverty, they said.Labour responded to the news saying that PN’s points about pensions were incorrect and that in fact, the government had a number of initiatives aimed at improving pensions.They outlined that the voluntary equity release was one such area that would help, which was announced on Friday.They also explained that these provisions had already been made in the private sector with the government preparing to standardize them for the sake of pensioners.WhatsApp <a href=’http://revive.newsbook.com.mt/www/delivery/ck.php?n=ab2c8853&amp;cb={random}’ target=’_blank’><img src=’https://revive.newsbook.com.mt/www/delivery/avw.php?zoneid=97&amp;cb={random}&amp;n=ab2c8853&amp;ct0={clickurl_enc}’ border=’0′ alt=” /></a> SharePrintlast_img

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