In an interview with the Sunday Times, Haldane disclosed he owned two homes, one in Surrey and a holiday home on the Kent coast as well as a pension currently valued at just under £84,000 a year.
When asked for his opinion on how best to save for retirement, Haldane chose property, but said that it ‘ought to be pension’.
Haldane added that as long as the country continued not to build anything near as many houses to meet the people’s needs, the UK would continue to see ‘house prices relentlessly heading north’.
The former pensions minister Baroness Altman criticised his comments for being ‘divorced from reality’. She said it was irresponsible to suggest people should rely on property instead of saving into a pension pot.
Haldane came under fire in May for claiming he could not ‘make the remotest sense of pensions’. Haldane dealt the sector a further blow by stating discussions he had been party to with many experts and independent financial advisers revealed ‘they have no clue either’.
