(12) 'Property a better bet than pensions', says Bank of England chief economist

http://www.telegraph.co.uk/news/2016/08/28/property-a-better-bet-than-pensions-says-bank-of-england-chief-e/

'Property a better bet than pensions', says Bank of England chief economist

Property is a better option for funding retirement than a pension—, the Bank of England's chief economist has claimed.
Andy Haldane made the comment despite having a gold-plated guaranteed pension which will pay him nearly £84,000 a year, or more than three times the average workers' salary, when he retires.
As this newspaper reported in May, Mr Haldane, 49, admitted that despite being one of the country's leading economists and working at the Bank since leaving university, he could not make "the remotest sense of pensions" because they are too complicated.
However his latest comments were met with a barrage of criticism by Ros Altmann, the recently departed pensions minister. She said it was "irresponsible" to suggest people should rely on property instead of pensions.
Financial advisers generally recommend older savers "diversify" their money as much as possible by holding a range of assets including shares, bonds, property and cash.