Property is our pension, say 5m It emerged this month that four in 10 retired tenants previously owned their own home. One in 10 former property owners said they had sold their home to boost their retirement income, while others had divorced or needed to clear debts, Prudential found. Marino Valensise, chief investment officer at Barings, said: "This year's survey indicates that more people are investing in property as a retirement source and the concern is that this could mean they are over-concentrated in the asset class. It is worrying that the number of people relying exclusively on their property to fund retirement has increased. Property prices can be volatile so putting your faith in your home to fund retirement is risky. She added: "Investing for your retirement is about long-term planning and, as people are living longer, more emphasis needs to be put on how a lengthier retirement will be funded. It is imperative that people diversify their investments through a range of assets, which can, of course, include property.